Adobe stock falls after earnings, but Stifel, J.P. Morgan hike price targets

Shares of Adobe Systems Inc. are down 3.3% in premarket trading Friday, after the software company reported beats that weren't "as clean" as others in the past, according to J.P. Morgan analyst Sterling Auty. In addition, he said that the company's earnings beat "really came from below the line items." Auty raised his price target on the stock to $260 from $235, though he maintained his neutral rating. Stifel's Tom Roderick also raised his price target, to $275 from $250.

https://finance.yahoo.com/m/a110edec...html?.tsrc=rss