Bearish
Morgan Stanley downgrades Adobe (ADBE) to 'Underweight', slashes price target to $240
In the past 24 hours, Morgan Stanley downgraded Adobe's stock rating to 'Underweight' from 'Equalweight' and reduced its price target to $240 from $365. The downgrade reflects concerns over Adobe's AI strategy and its impact on revenue growth.
Key points
- Morgan Stanley downgrades Adobe to 'Underweight', citing AI risks
- Adobe's stock price currently trades at $234.74, below the new target
Sources
AI-generated from public news sources. Not financial advice.
