BUZZ-Oppenheimer cuts Adobe to 'perform' on slowing digital media growth
Reuters01-13
BUZZ-Oppenheimer cuts <a href="https://laohu8.com/S/ADBE">Adobe</a> to 'perform' on slowing digital media growth
** Oppenheimer downgrades Photoshop maker Adobe ADBE.O to "perform" from "outperform"
** ADBE down marginally premarket
** Brokerage notes co's digital media business will slow further in FY25, due to "a challenging operating environment during the AI technology transition leading to uninspiring and decelerating top-line growth"
** Average rating of 40 analysts is "buy"; median PT is $417.50 - data compiled by LSEG
** In 2025, ADBE fell 21.3%
(Reporting by Anhata Rooprai in Bengaluru)
((Anhata.Rooprai@thomsonreuters.com))
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