Fly News Breaks for January 27, 2020
Jan 27, 2020 | 09:40 EDT
Cleveland Research analyst Ari Terjanian upgraded Adobe to Buy from Neutral and sees upside to consensus estimates. Partner forecasts and business trends appear to have improved over the past 60 days, Terjanian tells investors in a research note. He believes Adobe's Q1 is tracking favorably and sees upside to Digital Experience as well as Digital Media in fiscal 2020. Digital Experience feedback has gotten more encouraging as partners seeing more concrete signs of execution and are optimistic around the hiring of Anil Chakravarthy in early January, says Terjanian.
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