Analyst Round-Up Adobe (ADBE): An Upgrade and 6 Raised Price Targets

Shares of Adobe Systems (Nasdaq: ADBE) are up almost 4% today, the stock most recently trading at $37.78. The better-than-expected Q4 results and inline guidance has a flock of analysts jumping on the wagon and lifting their price targets this morning:

• Atlantic Equities upgraded the stock from Underweight to Neutral and also raised its price target from $25 to $35
  
• RBC Capital lifted its target from $37 to $43 while maintaining an Outperform
  
• Morgan Stanley target raised from $40 to $42, Overweight rating maintained
  
• Deutsche Bank boosted its target from $44 to $46, also maintaining a Buy
  
• FBR Capital raised its target from $33 to $36, maintaining a Market Perform
  
• Thomas Weisel target upped from $42 to $46, Overweight rating maintained

To see all the analyst action on shares of Adobe, visit our Analyst Ratings page.

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