
BUZZ-BMO downgrades Adobe to 'market perform' on increased competition

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BMO downgrades Photoshop creator Adobeto “market perform” from “outperform” Brokerage cuts PT to $375 from $400, still implying an upside of 10.6% to the stock’s last closeCo’s shares down marginally premarketBMO’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 LSEGADBE fell 21.3% in 2025
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