Morgan Stanley Reiterates on Adobe Systems on Growing Interest in Creative Cloud
In a report published Thursday, Morgan Stanley analyst Jennifer Swanson Lowe reiterated an Equal-Weight rating on Adobe Systems (NASDAQ: ADBE).
In the report, Morgan Stanley noted, “Interest in Creative Cloud remains high with 41% of users on CC or planning to migrate to CC in the next 12 months. However, 53% of ADBE users have no plans to migrate with cost the primary barrier. We see potential upside to subs adds near term, but also see this as priced in at current levels.”
Adobe Systems closed on Wednesday at $54.10.
Latest Ratings for ADBE
|Apr 2015||Stephens & Co.||Initiates Coverage on||Overweight|
|Feb 2015||Pivotal Research||Initiates Coverage on||Buy|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.