Morgan Stanley Upgrades Adobe to Overweight, Raises Price Target to $660
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Keith Weiss has upgraded Adobe (NASDAQ:ADBE) from Equal-Weight to Overweight and raised the price target from $510 to $660.
July 31, 2023 | 10:39 am
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POSITIVE IMPACT
Adobe's stock has been upgraded to Overweight by Morgan Stanley, with a raised price target of $660.
The upgrade from Morgan Stanley is a positive signal for Adobe. The raised price target indicates an expectation of stock price growth, which could attract investors and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100