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UBS Raises Price Target on Adobe Systems (ADBE) Following Strong 1Q Results
March 18, 2016 8:52 AM EDTUBS reiterated a Buy rating on Adobe Systems (NASDAQ: ADBE), and raised the price target to $114.00 (from $105.00), following the company's 1Q earnings report. ADBE reported revenues of $1,383M, ahead of the Street's estimate of $1,336M, as well as guidance of $1,300-1,350M. EPS of $0.66 also beat the consensus estimates at... More
