Adobe (ADBE) March volatility elevated into Q2 and outlook

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Adobe (ADBE) PT Raised to $269 at BofA/Merrill Lynch Ahead of 1Q Release

March 13, 2018 9:20 AM EDT

BofA/Merrill Lynch raised its price target on Adobe (NASDAQ: ADBE) to $269.00 (from $253.00) while maintaining a Buy rating ahead of the company's 1Q earnings report on March 15th.

BofA/Merrill Lynch raised 2019 revenues by $220mn driven by ARPU benefits to $10.7bn (cons: $10.3bn),... More