Adobe (ADBE) PT Raised to $163 at Stifel

Stifel raised its price target on Adobe (NASDAQ: ADBE) to $163.00 (from $150.00) while maintaining a Buy rating.

Analyst Tom Roderick likes the boost Creative and Marketing teams gave to ADBE for the Q2 beat.

He raises FY 2017 EPS estimate from $3.90 to $4.02 and raises FY 2018 EPS estimate from $4.88 to $5.00.

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