Stifel Maintains Buy on Adobe, Lowers Price Target to $600
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Parker Lane maintains a Buy rating on Adobe (NASDAQ:ADBE) but lowers the price target from $625 to $600.

June 07, 2024 | 12:50 pm
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NEUTRAL IMPACT
Stifel analyst Parker Lane maintains a Buy rating on Adobe but lowers the price target from $625 to $600.
The Buy rating suggests continued confidence in Adobe's performance, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100