Adobe stock has been crushed by AI fears. Now Morgan Stanley has cut its rating to underweight.
At a glance
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.
- Primary source
- MarketWatch.com - Top Stories — Read original article
- Published
- Topic
- Finance
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 summary comes from MarketWatch.com - Top Stories. Read the full article at the original source.
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