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Fly News Breaks for February 19, 2020
Feb 19, 2020 | 06:09 EDT
UBS analyst Jennifer Lowe raised her price target on Adobe to $430 and kept her Buy rating, citing the findings of UBS Evidence Lab indicating that the adoption and the average revenue per user of its Creative software is growing. The analyst expects the company to sustain its high-teen revenue and over 20% earnings growth, adding that its widening premium valuation relative to the broader market is warranted by its growth trend.