Why Is Adobe Stock Surging on Thursday?
Adobe Inc (NASDAQ: ADBE) stock is trading higher Thursday following quarterly earnings results from Salesforce Inc (NYSE: CRM).
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Morgan Stanley Downgrades Adobe to Underweight, Lowers Price Target to $240
Morgan Stanley analyst Keith Weiss downgrades Adobe (NASDAQ:ADBE) from Equal-Weight to Underweight and lowers the price target from $365 to $240.
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