Adobe Systems "strong buy"

12/05/05 - Brean Murray & Co

NEW YORK, December 5 (newratings.com) - Analysts at Brean Murray reiterate their "strong buy" rating on Adobe Systems Inc (ADBE). The target price is set to $38.

In a research note published on December 2, the analysts mention that the company is scheduled to close the Macromedia acquisition shortly and is likely to provide an updated guidance for FY06 while announcing its F4Q05 results on December 15. The analysts expect Adobe Systems to post its revenues for the quarter short of and EPS in-line with the consensus. Brean Murray expresses its optimism regarding the combined entity’s growth potential, given Macromedia’s and Adobe Systems’ impressive product offerings.