Morgan Stanley Feels Confident in Adobe Systems Following Marketing Summit

In a report published Friday, Morgan Stanley analyst Jennifer Swanson Lowe reiterated an Equal-Weight rating on

. In the report, Morgan Stanley noted, “We spent two days at the Adobe Marketing Summit and came away more confident in the ~30% Marketing Cloud bookings growth target for FY14 and impressed by improved product integration. The SAP partnership is an added positive in our view, which could contribute to growth in FY15.” Adobe Systems closed on Thursday at $64.53.