JP Morgan Initiates Adobe Systems With Overweight

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Analysts at JP Morgan initiated coverage on
Adobe Systems IncorporatedADBE
with a Overweight rating. The target price for Adobe Systems is set to $40. Adobe Systems shares have gained 28.86 percent over the past 52 weeks, while the S&P 500 index has surged 12.95 percent in the same period. Adobe Systems' shares climbed 3.05 percent to close at $79.43 yesterday.
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Posted In: InitiationAnalyst RatingsJP Morgan
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