Morgan Stanley Maintains Equal-Weight on Adobe, Raises Price Target to $510
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Keith Weiss maintains an Equal-Weight rating on Adobe (NASDAQ:ADBE) and raises the price target from $470 to $510.
June 16, 2023 | 12:35 pm
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Morgan Stanley maintains an Equal-Weight rating on Adobe and raises the price target from $470 to $510.
Morgan Stanley's raised price target for Adobe indicates a positive outlook for the stock. The Equal-Weight rating suggests that the stock is expected to perform in line with the market. This news is likely to have a positive impact on Adobe's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100