Morgan Stanley Just Downgraded Adobe Stock. Here's Why.
Adobe shares sink as Morgan Stanley analyst downgrades them to "Underweight." Here’s why the investment firm recommends caution in playing ADBE stock at the current price.
Quick take
Read original at Yahoo Finance Morgan Stanley analyst Adam Wood downgraded Adobe stock to Underweight with a $240 price target. The downgrade cites leadership uncertainty and risks from a freemium strategy and AI disruption. Adobe shares are down over 30% year-to-date.
Summarised by netranta from Yahoo Finance. Open the original for the full story.
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