*SCALPSWINGSTRADDLE*

[bobirw]

: Adobe price target raised to $275 from $250 at Stifel
Stifel analyst Tom Roderick called Adobe's Q2 results "sterling" and said he did not expect the stock to be trading down for long despite the after-hours weakness that immediately followed its report. He attributes the after-hours weakness to either hopes for more aggressive Q3 guidance or a "sell the news" reaction, but he would "happily" be a buyer after a quarter like Adobe just reported, he tells investors. Roderick raised his price target on Adobe to $275 in the wake of the Q2 report and keeps a Buy rating on the shares

Adobe price target raised to $290 from $280 at Piper Jaffray
Piper Jaffray analyst Alex Zukin raised his price target for Adobe Systems to $290 saying the company posted a "strong" Q2 where the Digital Experience business showed signs of accelerating growth with widespread demand across products. The analyst believes the stock "remains compelling" and reiterates an Overweight rating on the share