Following yesterday's FQ1 report (I, II), Adobe (ADBE -4.3%) receives an upgrade to Sector...

|About: Adobe Systems Incorporated (ADBE)|By:, SA News Editor

Following yesterday's FQ1 report (I, II), Adobe (ADBE -4.3%) receives an upgrade to Sector Perform from RBC, and a downgrade to the same rating from Pac Crest. The former is pleased with Adobe's transition to a subscription-based model, while the latter is worried about soft Creative Suite sales ahead of CS6's arrival. Piper, meanwhile, is optimistic CS6 demand will be strong. (transcript)