Adobe Inc ADBE shares are trading lower after JP morgan downgraded the stock from Overweight to Neutral and announced a $680 price target.
Adobe shares were otherwise trading higher last week in sympathy with Oracle Corporation ORCL, which gained following its second-quarter earnings report. Adobe's fourth-quarter earnings results are confirmed for release Thursday before market open.
See Also: Why Uber Shares Are Rising Today
Adobe provides content creation, document management and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing and engaging with compelling content multiple operating systems, devices and media.
Adobe has a 52-week high of $699.54 and a 52-week low of $420.78.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
