Adobe's Rating Cut to Underweight Amid CEO Search Delays
Morgan Stanley downgraded Adobe (ADBE) from equal weight to underweight, citing risks related to the ongoing search for a new CEO and CFO. The downgrade contrasts with CLSA’s outperform rating initiated on the same day. Analysts highlighted concerns around leadership transitions, AI disruption in Creative Cloud, and freemium pricing shifts.
Topics: Adobe AI disruption CEO search CLSA outperform rating Morgan Stanley downgrade