Adobe Systems, Inc. (ADBE) Tops Q2 EPS by 7c, Offers Q3 Guidance

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Adobe (ADBE) PT Raised to $77 at Goldman Sachs, Stock Remains Neutral-Rated

June 18, 2014 11:04 AM EDT

Goldman Sachs maintained a Neutral rating on Adobe (NASDAQ: ADBE) and raised its price target to $77.00 (from $73.00). The change follows Q2 results.

Analyst Heather Bellini said, "As the migration to subscription continues to outpace Street estimates, Adobe is exceeding... More