UPDATE: BofA/Merrill Lynch Upgrades Adobe (ADBE) to Buy
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Price: $264.02 --0%
Rating Summary:
23 Buy, 30 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 19
Rating Summary:
23 Buy, 30 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 19
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(Updated - June 19, 2013 8:47 AM EDT)
BofA/Merrill Lynch upgraded Adobe (NASDAQ: ADBE) from Neutral to Buy with a price target of $57 (from $47). Following Q2 results and guidance yesterday, BofA ML is positive on Creative Cloud sub adds into 2015. Analysts think the Adobe will be able to convert a large portion of its install base into a recurring revenue stream.
For an analyst ratings summary and ratings history on Adobe click here. For more ratings news on Adobe click here.
Shares of Adobe closed at $43.36 yesterday.
BofA/Merrill Lynch upgraded Adobe (NASDAQ: ADBE) from Neutral to Buy with a price target of $57 (from $47). Following Q2 results and guidance yesterday, BofA ML is positive on Creative Cloud sub adds into 2015. Analysts think the Adobe will be able to convert a large portion of its install base into a recurring revenue stream.
For an analyst ratings summary and ratings history on Adobe click here. For more ratings news on Adobe click here.
Shares of Adobe closed at $43.36 yesterday.
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