Wednesday, July 22, 2026
Business

Adobe’s rating cut to underweight as CEO search drags on

PUBLISHED·2h ago·3 min read

Morgan Stanley downgraded Adobe to underweight from equal weight on Tuesday, July 21, slashing its price target to $240 from $365, according to Seeking Alpha. The move landed one day after CLSA initiated coverage of Adobe with an outperform rating and a $300 target, according to Investing.com. Two ...

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