Jefferies Makes No Changes to its Adobe Estimates Following Creative Professionals Survey

Jefferies is maintaining its estimates on Adobe ADBE following its latest survey of creative professionals. “Our latest work suggests that the CS5.5 release could modestly expand the pool of users who will choose to upgrade, but we don't think there has been an initial boost and most are looking to upgrade over the next 6 months,” Jefferies writes. “The % of respondents on CS4 or earlier that plan to upgrade to CS5.5 is 67% of our sample v 61% planning to upgrade to CS5 in our February survey.” Adobe closed Monday at $32.84.