Adobe revenue beats estimates as cloud push gains pace
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UBS Raises Price Target on Adobe Systems (ADBE) Following Solid 3Q
September 21, 2016 9:04 AM EDTUBS reiterated a Buy rating on Adobe Systems (NASDAQ: ADBE), and raised the price target to $130.00 (from $122.00), following the company's 3Q earnings report.ADBE reported revenue of $1464M, ahead of $1,445M estimates. EPS of $0.75 came in 0.03 ahead of estimates.
Analyst Brent Thill commented, "We believe strong results across all Clouds + oper.... More
