Home Wealth  Money Analyst Moves: ADBE, ICE

Analyst Moves: ADBE, ICE

Posted: Nov. 4th, 2011  |  By Forbes

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Adobe today had its price target raised by Citigroup to $35 with a buy rating. Citi believes that Adobe will experience a long term benefit from subscription revenue, which will lead to faster growth and higher margins.

Shares are higher by over two percent.

ICE today had estimates and its price target raised by UBS (nyse: UBS - news - people ) to $145. Estimates were increased due to higher run rate volumes, as well as a lower tax rate.

Shares are trading higher by over 4.7 percent.

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