🔴 Adobe is trading 3% down today after BMO Capital downgrade

ADBE is trading 3% down at $328.81 following a fresh analyst downgrade from BMO Capital.

• BMO Capital cut the rating to Market Perform from Outperform.
• The price target was trimmed to $375 from $400.
• The move is largely company-specific, adding pressure amid lingering software valuation concerns.