Wall Street ends down after Fed stokes global economic fears
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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Jefferies Raises Price target on Adobe Systems (ADBE) Following 3Q15
September 18, 2015 8:16 AM EDTJefferies reiterated a Buy rating on Adobe (NASDAQ: ADBE), and raised the price target to $92.00 (from $90.00), following the company's 3Q15 earnings results.
Analyst Brad Zelnick commented, "We reiterate our Buy rating and raise our PT to $92 from $90 following solid F3Q results. The... More
UBS Reiterates Buy on Adobe Systems (ADBE) Following 3Q15 Results
September 18, 2015 8:00 AM EDTUBS reiterated a Buy rating and $90.00 price target on Adobe (NASDAQ: ADBE) following the company's 3Q15 results. Revenues of $1,218M beat Street's $1,214M, and fell with in guidance of $1,175-1,225M. EPS of $0.54 beat consensus by 4c and guidance of $0.45-0.51.
Analyst Brent Thill commented, "FQ3 results beat broadly across, including a... More
