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Adobe Systems: Jefferies Cuts Rating; See Rev Ests At Risk

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Linked by The Tech Trade ( track newsfeed | ignore newsfeed ) - June 14, 09:38AM from (www.forbes.com)

Adobe Systems shares are coming under pressure Thursday morning after Jefferies analyst Ross MacMillan cut his rating on the stock to Hold from Buy, with a new target of $32, down from $38. The stock closed Wednesday at $31.79. "Our downgrade is based on higher near-term revenue risk due to potentially stronger Creative Cloud subscription ...

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