BUZZ-BMO downgrades <a href="https://laohu8.com/S/ADBE">Adobe</a> to 'market perform' on increased competition** BMO downgrades Photoshop creator Adobe ADBE.O to "market perform" from "outperform"
** Brokerage cuts PT to $375 from $400, still implying an upside of 10.6% to the stock's last close
** Co's shares down marginally premarket
** BMO's seventh Creative Cloud survey finds increased competition in creative market, "particularly in smaller businesses, students, and freelancers"
** Avg rating of 40 analysts is "buy;" their median PT is $422.50 - data compiled by LSEG
** ADBE fell 21.3% in 2025
(Reporting by Anhata Rooprai in Bengaluru)
((Anhata.Rooprai@thomsonreuters.com))
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