Adobe price target raised to $610 from $565 at Argus

Argus raised the firm’s price target on Adobe to $610 from $565 and keeps a Buy rating on the shares, which remain a Focus List selection. Adobe “as usual” surprised to the upside with its fiscal Q3 results, says the firm, which thinks that Adobe has “positioned itself at the center of the exploding market for digital video content and advertising creation and management.”