Morgan Stanley Upgrades Fortinet, Downgrades Adobe

Morgan Stanley has upgraded Fortinet's rating while simultaneously cutting Adobe's rating to underweight, citing AI fears impacting Adobe stock. These rating changes reflect shifting analyst perspectives on the cybersecurity and software sectors.

21 Jul, 10:58 — 21 Jul, 10:58

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marketwatchMostly Factual5d ago

Adobe stock has been crushed by AI fears. Now Morgan Stanley has cut its rating to underweight.

Morgan Stanley cut its price target for Adobe by more than a third, citing multiple transitions and the potential for increased competition from artificial-intelligence alternatives.

By Nora Redmond

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First report: marketwatch · 21 Jul, 10:58|Full coverage: 2 · 50m|Window: 50m

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marketwatch21 Jul, 10:58First to report

Adobe stock has been crushed by AI fears. Now Morgan Stanley has cut its rating to underweight.

seeking-alpha21 Jul, 11:48Latest update

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Morgan Stanley Upgrades Fortinet, Downgrades Adobe

Sources

Adobe stock has been crushed by AI fears. Now Morgan Stanley has cut its rating to underweight.

Coverage Timeline

Adobe stock has been crushed by AI fears. Now Morgan Stanley has cut its rating to underweight.

Fortinet gets rating upgrade, while Rapid7 cut at Morgan Stanley

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