Adobe Systems upgraded to "outperform"

05/16/05 - Robert W. Baird

NEW YORK, May 16 (newratings.com) - Analysts at Robert W Baird upgrade Adobe Systems Inc (ADBE) from "neutral" to "outperform." The target price has been raised from $67 to $70.

In a research note published this morning, the analysts mention that the recent depreciation in the company's share price presents an attractive investment opportunity. The Macromedia acquisition is expected to result in a robust new content creation platform for Adobe Systems, the analysts say. Microsoft's recent file format, Metro, is unlikely to adversely impact the Adobe Systems’ Acrobat business in 2006-2007, Robert W Baird adds.