B of A Securities Maintains Buy on Adobe, Lowers Price Target to $640
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Brad Sills maintains a Buy rating on Adobe (NASDAQ:ADBE) but lowers the price target from $700 to $640.

March 15, 2024 | 4:40 pm
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Adobe's price target was reduced from $700 to $640 by B of A Securities, although the Buy rating was maintained.
The reduction in Adobe's price target by B of A Securities reflects a more cautious outlook on the stock's short-term price potential. However, maintaining a Buy rating indicates a positive view on the company's long-term prospects. This mixed signal could lead to short-term uncertainty among investors, but the overall positive stance suggests confidence in Adobe's fundamentals.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100