Source: Forbes

Piper Jaffray maintained an “outperform” rating and $37 price target on Adobe Systems (nasdaq: ADBE - news - people ) after it surveyed creative pro customers on a number or factors affecting the company.

“We found that most creative professional Adobe customers are experiencing solid business trends through the first half of calendar 2005.”

As evidence, Piper stated that 82% of respondents said that their businesses had been up year-over-year through the first half of 2005. Only 6% said business was down and 12% said business was flat.

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This story was posted on Tuesday, July 26th, 2005 at 5:29 pm and is filed under Adobe News. You can follow any responses to this story through the RSS 2.0 feed. Both comments and pings are currently closed.