🔴 ADBE is trading 3.1% down today after downgrade and target cut

ADBE is trading at 3.1% down now at $345.23 following a fresh analyst downgrade and target reduction.

• KeyBanc cut Adobe to Underweight and set a target of $310, significantly below Friday’s close.
• BMO Capital lowered its price target to $400, citing competitive challenges, even as it maintained an Outperform rating.
• This cluster of cautious analyst actions is pressuring sentiment despite relatively stable broader indices.