Morgan Stanley Worries That Long-Term Margin Expansion/EPS Growth May Be Limited for Adobe Systems

In a report published Friday, Morgan Stanley analyst Jennifer Swanson Lowe reiterated an Equal-Weight rating on Adobe Systems (NASDAQ: ADBE ). In the report, Morgan Stanley noted, “ADBE's subs adds once again beat while perpetual rev. continues to lag. Investors remain focused on subs and likely boost the stock today,