Adobe shares are trading higher after Wells Fargo upgraded the stock from Equal-Weight to Overweight and raised its price target from $420 to $525.
Portfolio Pulse from Benzinga Newsdesk
Adobe shares are trading higher after Wells Fargo upgraded the stock from Equal-Weight to Overweight and raised its price target from $420 to $525.
June 09, 2023 | 1:16 pm
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Wells Fargo upgraded Adobe's stock to Overweight and raised its price target from $420 to $525, resulting in higher trading.
The news directly mentions Adobe (ADBE) and the upgrade by Wells Fargo to Overweight, along with the increased price target from $420 to $525. This positive analyst rating is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100