BMO Capital Maintains Outperform on Adobe, Lowers Price Target to $660
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Keith Bachman maintains an Outperform rating on Adobe (NASDAQ:ADBE) but lowers the price target from $690 to $660.
March 11, 2024 | 1:56 pm
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BMO Capital maintains an Outperform rating on Adobe but lowers the price target from $690 to $660.
While the maintenance of an Outperform rating by BMO Capital indicates a positive outlook on Adobe, the reduction in the price target from $690 to $660 could signal a tempered expectation for the stock's short-term growth potential. This mixed signal might lead to a neutral short-term impact on Adobe's stock price as investors weigh the positive rating against the lowered price target.
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IMPORTANCE 80
RELEVANCE 90