Adobe shares are trading lower after Melius Research downgraded the stock from Buy to Hold.
Portfolio Pulse from Benzinga Newsdesk
Adobe shares are trading lower following a downgrade from Melius Research, which changed its rating from Buy to Hold.
June 10, 2024 | 11:30 am
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NEGATIVE IMPACT
Adobe shares are experiencing a decline after Melius Research downgraded the stock from Buy to Hold, indicating a less optimistic outlook.
The downgrade from Melius Research suggests a less favorable view on Adobe's future performance, leading to a negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100