Adobe is getting hit on CFO departure. Three analysts are downgrading the stock
CNBC Top News ·
Adobe's fiscal second-quarter results beat expectations, and full-year guidance came in better-than-expected. But C-suite changes and three downgrades are hitting the stock in premarket trading …
Adobe's fiscal second-quarter results beat expectations, and full-year guidance came in better-than-expected. But C-suite changes and three downgrades are hitting the stock in premarket trading Friday. Stifel downgraded the stock to hold from buy, and lowered its price target to $200. That indicates an 8.5% loss from Thursday's close. Analyst J. …
Original source: CNBC Top News