Sterne Agee Expects Strong Q3 Report From Adobe Systems Incorporated

In a report published Tuesday, Sterne Agee analyst Robert Breza reiterated a Buy rating and $85.00 price target on Adobe Systems Incorporated (NASDAQ: ADBE).

In the report, Sterne Agee noted, “After the release in June of the most significant Creative Cloud evolution since CS6, with new applications and services, we expect a strong Q3, showing continuing retention rates improvements and Creative Cloud adoption acceleration with easy comparables. We maintain Buy rating and PT of $85.”

Adobe Systems closed on Monday at $70.27.