Adobe Systems Upgraded to Overweight by Morgan Stanley, Price Target Raised to $340

Adobe Systems (ADBE) received an investment-rating upgrade Monday to overweight from equal-weight from Morgan Stanley as the firm said it expects the software company’s earnings per share to have a compound annual growth rate of at least 20% over the next three years even if digital-media growth begins to wane. The firm also raised its price target on Adobe’s shares […]