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Adobe (ADBE) PT Raised to $160 at Deutsche Bank Following 'Clearn' Qtr

June 21, 2017 6:16 AM EDT

Deutsche Bank raised its price target on Adobe (NASDAQ: ADBE) to $160.00 (from $140.00) while maintaining a Buy rating following a "clean quarter."

Analyst Nandan Amladi notes the upside was driven by strong Creative Cloud revenue (+34% y/y) and Marketing Cloud up 29% y/y. Management... More