Software and services are holding up near the flat line against a late-morning dip for stocks, in large part likely to Jefferies lifting targets on a number of key names today.
It's also jacked up its target on Adobe (NASDAQ:ADBE), to $390 from $370 (15% upside).
Meanwhile, the firm upgraded its rating on Elastic (NYSE:ESTC) to Buy, setting an $85 target (24% upside).
On the other side of a largely bullish update, the firm cut Dropbox (DBX -3.7%) to Hold, and its $19 target implies 7.3% upside from today's newly lower price.
And it cut its price target on Zuora (NYSE:ZUO) to $22 from $29, cutting implied upside to 48%.
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