UBS Maintains Neutral on Adobe, Lowers Price Target to $550
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Karl Keirstead maintains a Neutral rating on Adobe and lowers the price target from $560 to $550.

September 13, 2024 | 6:50 pm
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NEUTRAL IMPACT
UBS analyst Karl Keirstead maintains a Neutral rating on Adobe and lowers the price target from $560 to $550, indicating a slight decrease in expected valuation.
The Neutral rating suggests that UBS does not expect significant short-term movement in Adobe's stock price. The slight reduction in the price target from $560 to $550 indicates a minor adjustment in expected valuation, which may not significantly impact the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100