Adobe Systems (ADBE) Tops Q3 EPS by 2c
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September 17, 2014 6:39 AM EDT
BofA/Merrill Lynch analyst Kash Rangan reiterated a Buy rating and $80 SOTP target on Adobe (NASDAQ: ADBE) following results after the close. The analyst said the 5% sell-off after-hours is an overreaction and provides an opportunity to buy.
Rangan notes the stock... More
September 16, 2014 4:16 PM EDT
Adobe Systems (NASDAQ: ADBE) sees Q4 revs of $1.025 - $1.075 billion, with the consensus at $1.09 billion. EPS expected at $0.26 - $0.32 with Street estimates at $0.31.
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September 16, 2014 6:36 AM EDT
RBC Capital downgraded Adobe (NASDAQ: ADBE) from Outperform to Sector Perform with a price target of $82.00 (from $85.00).
For an analyst ratings summary and ratings history on Adobe click here. For more ratings news on Adobe click here.
Shares of Adobe closed at $70.27 yesterday.
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