ADBE Posts Better Than Expected Q1 Results

Analysts at Brigantine reiterate their "buy" rating on Adobe (NASDAQ: ADBE), while raising their estimates for the company. The target price for ADBE has been raised from $42 to $46.

According to Brigantine, the target has been raised to reflect ADBE’s strong Q1 results. The analysts raised their 2010 EPS estimates for ADBE from $1.80 to $1.85.

ADBE’s shares closed at $12.37 yesterday. More Analyst Ratings here