Wells Fargo Downgrades Adobe to Underweight, Says AI Survey Shows It Is Losing Budget Share
Adobe Inc. (NASDAQ: ADBE ) shares are trading lower Monday after Wells Fargo downgraded the stock to Underweight from Overweight and cut its price target to $225, citing results from its latest survey of chief information officers on AI spending. Adobe shares are sliding. Why are ADBE shares down? Wells Fargo Says Adob