Citi has reduced its price target for Adobe, the maker of Photoshop, ahead of the release of its fiscal first-quarter results on March 12. The financial services firm maintains a “Neutral” rating for the company due to its upcoming earnings report. As of Friday’s trading, Adobe’s stock was up 0.67% at $283.62 per share.
Source: https://seekingalpha.com/news/4561852-adobe-in-focus-as-citi-cuts-price-target-ahead-of-q1-results