Bernstein Maintains Outperform on Adobe, Lowers Price Target to $644
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Mark Moerdler maintains an Outperform rating on Adobe but lowers the price target from $660 to $644.
September 13, 2024 | 11:06 am
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NEUTRAL IMPACT
Bernstein analyst Mark Moerdler maintains an Outperform rating on Adobe, indicating confidence in the company's performance, but lowers the price target from $660 to $644, suggesting a slight adjustment in expected valuation.
The Outperform rating suggests continued confidence in Adobe's performance, which is positive. However, the lowered price target indicates a slight reduction in expected valuation, which could neutralize the impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100