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UBS' Brent Thill has cut his PT on Adobe (ADBE) to $33 from $40 following a reseller survey....

UBS' Brent Thill has cut his PT on Adobe (ADBE) to $33 from $40 following a reseller survey. While the survey suggests better-than-expected sales for Adobe's FQ3 (ends this month), it also suggests the company won't get a boost from the recent release of version 5.5 of its flagship Creative Suite platform.
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Comments (1)
  • Herr Hansa
    , contributor
    Comments (3085) | Send Message
     
    Adobe normally follow 18 month major product releases. Version 5.5 was only an incremental release. When Creative Suite 6.0 gets launched next year, then sales should increase.

     

    Disclosure: long ADBE
    29 Aug 2011, 05:23 PM Reply Like
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