Find public news by keyword, exact ticker, category and date.
Open a ticker page for its news coverage. The news search below stays a text search.
4 results loaded, newest first. End of these results.
Wells Fargo cut Adobe to Underweight from Overweight, citing concerns about slowing growth, tougher AI competition and execution risk ahead of fiscal 2027. Adobe shares fell about 2.6% in premarket trading.
Wells Fargo lowered its rating on Adobe from Overweight to Underweight and cut its price target from $270 to $225.
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
Wells Fargo analysts led by Michael Turrin lowered Adobe to Underweight from Overweight and cut their price target to $225 from $270.