Adobe: RBC Downgrades; Sees Lull After Coming CS5 Launch – Tech Trader Daily – Barrons.com

by Clay Moore on May 26, 2010

in Adobe,Apple,Computers

Adobe: RBC Downgrades; Sees Lull After Coming CS5 Launch – Tech Trader Daily – Barrons.com:

“RBC Capital analyst Robert Breza this morning downgraded Adobe Systems (ADBE) shares to Sector Perform from Outperform, cutting his price target to $36, from $46.”

(Via Barron’s Blogs.)

This Price is still up from current prices.  The target price is probably more in line with reality.  Adobe needs the computers more than Apple, or Microsoft needs them.

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