Adobe price target raised to $80 from $60 at Cowen Cowen raised its price target on Adobe following solid Q4 earnings. The firm cited strong bookings and a likely second half inflection in the Creative Cloud model transition. Shares are Outperform rated.
Publicis acquires 3 Share, financial terms not disclosed After recently forming a partnership with Adobe (ADBE), Publicis (PUBGY) announces the acquisition of 3 SHARE. Based in San Diego, 3 SHARE is a partner in Adobe's Business Plus Level Solutions. 3 SHARE will operate as part of DigitasLBi.