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
|Jan 2017||Pivotal Research||Downgrades||Buy||Hold|
|Jan 2017||Wells Fargo||Initiates Coverage On||Market Perform|
|Jan 2017||BMO Capital||Initiates Coverage On||Outperform|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.