Expectations For Adobe's Q2 Results Are 'Depressed': JPMorgan

Loading...Loading...Shares of Adobe Inc ADBE were climbing in early trading on Wednesday, ahead of the release of the company's fiscal second-quarter results on Thursday.Expectations for the company's upcoming quarterly results are "depressed," according to JPMorgan.The Adobe Analyst: Mark Murphy maintained a Neutral rating and price target of $570 on the stock.The Adobe Thesis: Investors remain cautious in view of Adobe's fiscal first-quarter performance as well as several application software companies re ...