Adobe stock has been crushed by AI fears. Now Morgan Stanley has cut its rating to underweight.
Morgan Stanley cut its price target for Adobe by more than a third, citing multiple transitions and the potential for increased competition from artificial-intelligence alternatives.
Morgan Stanley cut its price target for Adobe by more than a third, citing multiple transitions and the potential for increased competition from artificial-intelligence alternatives. This story matters for Finance & Markets readers tracking bond. Reported by marketwatch.com. Read the full original at the source link below.
Originally reported by marketwatch.com. BondNews curates and briefs the finance & markets stories that matter. Our editorial policy →