In a report published Friday, Morgan Stanley analyst Jennifer Swanson Lowe reiterated an Equal-Weight rating on Adobe Systems ADBE.
In the report, Morgan Stanley noted, “ADBE's subs adds once again beat while perpetual rev. continues to lag. Investors remain focused on subs and likely boost the stock today, but we worry that growth investments may limit longer-term margin expansion and EPS growth, keeping us EW the stock at current levels.”
Adobe Systems closed on Thursday at $53.99.
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