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Adobe: Cowen Likes Shift to Azure, Marketing Deal with Microsoft

Shares of Adobe (ADBE) are up $1.25, or 1%, at $108.51, after the company yesterday said it struck an agreement with Microsoft (MSFT) to "make Microsoft Azure its preferred cloud platform” for all the various Adobe programs such as "Creative Cloud,” shifting away from some use of Amazon’s (AMZN) AWS. Microsoft shares are up 37 cents, or 0.6%, at $57.27. In response, Cowen & Co.
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