Adobe Authorizes New $8 Billion Stock Repurchase Program
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Stifel Remains Bullish on Adobe Systems (ADBE) Following Announced Acquisition Intentions for Magento
May 22, 2018 7:07 AM EDTStifel reiterated a Buy rating and $250.00 price target on Adobe (NASDAQ: ADBE) following the company's announced intention to acquire privately-held Magento Commerce for ~$1.68bn in cash from Permira.
The company's board also authorized an $8bn stock repurchase program. This sizable authorization... More
