UPDATE: Susquehanna Initiates Coverage on Adobe Systems
February 25, 2014 at 13:09 PM EST
In a research note dated February 24, 2014, Susquehanna initiated its coverage of Adobe Systems (NASDAQ: ADBE ) with a Positive rating and announced a $83 price target. Susquehana analyst Derrick Wood is optimistic about the future of Adobe and points to the company's transition to a cloud based delivery