Goldman Sachs Upgrades Adobe Systems (ADBE) to Buy
More News related to ADBE
- Empruntis.com Increases Online Loan Application Completions with Omniture Test&Target
- Adobe Enhances Acrobat.com with New Productivity and Collaboration Capabilities
- Adobe AIR 2 and Flash Player 10.1 Beta Software Now Available
- UBS Starts ADBE, MSFT, ADSK at Buy, MFE, CRM, ORCL, SYMC at Neutral
- SIIA Files Six New Software Piracy Lawsuits Against Fraudulent Online Vendors Across the Country
More News related to Upgrades
- Spectrum Pharma (SPPI) Files $250M Mixed Shelf
- Bank of Kentucky Financial (BKYF) Files $50M Mixed Shelf
- Nanophase Tech. (NANX) Files 847K Common Shelf for Selling Shareholders
- Altra Holdings (AIMC) Closes $210M Senior Notes Offering; Enters Into Revolving Credit Facility; Subsidiary Tenders $167.9M of Senior Notes
- Sigma Designs (SIGM) Files 3.93M Share Shelf for Common Stock
Goldman Sachs upgrades Adobe Systems Inc. (Nasdaq: ADBE) to Buy and raised their price target to $42, suggesting 21% upside.
The firm said ADBE is close enough to a CS5 launch to want to put fresh money to work in the shares. The firm also said ADBE will also benefit from the PC refresh cycle and OS upgrades from Microsoft and Apple.
Goldman also said the uncertainty from the Omniture deal has created a buying opportunit and they see margin improvement as the top line reaccelerates beyond current guidance.
Real-Time Market Moving News Two-Weeks FREE http://www.streetinsider.com/premium_content.php
Related Categories
UpgradesStocks Mentioned
+0.22Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
