Economy

Natural Gas Edges Lower

Natural Gas Edges Lower

Natural gas prices were trading lower early on Friday despite a heat-wave in high demand regions as production continues to outstrip demand, with the U.S. Energy Information Administration a day earlier reporting another big build in stored supplies. Gas for August delivery was last seen down US$0.01 to US$2.28 per million British thermal units in Nymex electronic trade, the lowest […]

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

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 […]