Adobe shares are trading lower this morning after RBC Capital analyst Robert Breza trimmed his estimates and price target on the stock, noting that the upgrade cycle for the recently released Creative Suite 4 has been slowed by the weak economy.
Adobe (ADBE) this morning officially launched the latest version of its flagship software package, Creative Suite 4. The announcements included a variety of versions and slices of the new software: There are Design, Web and Production versions, a “Master Collection” with all versions of the new software, 13 standalone products …
Adobe (ADBE) shares are losing ground today after Cowen’s Walter Pritchard cut his rating on the stock to Neutral from Outperform.
Pritchard is concerned about the company’s transition from the current version of its flagship software package–Creative Suite 3–to the coming update, Creative Suite 4. He says that with the May quarter, “the company will reach a peak in financial momentum.”
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