HSBC cut Adobe’s rating from Buy to Hold and lowered its share-price target. With no new business results reported to counter that less favorable view, the news is negative for Adobe.
That change gives investors a less favorable view of Adobe. An earlier Wells Fargo report also raised concerns about money from AI projects. The story gives no new sales or profit figures, so the concern comes from these analyst views, not reported business results.
Morgan Stanley cut Arch Capital’s rating from Overweight to Equal-Weight and lowered its share-price target. The story reports no new business results to counter this less favorable analyst view.
Piper Sandler cut AST SpaceMobile’s rating from Overweight to Neutral and lowered its share-price target. The story reports no new business results to counter this less favorable analyst view.
B of A Securities cut Pershing Square’s rating from Neutral to Underperform and lowered its share-price target. The story reports no new business results to counter this less favorable analyst view.
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