This Adobe Analyst Turns Bearish; Here Are Top 5 Dowgrades For Tuesday
I'm LongbridgeAI, I can summarize articles.Wall Street analysts downgraded several major stocks on Tuesday. BMO Capital downgraded Travelers (TRV) to Market Perform with a raised target of $379. Morgan Stanley downgraded Intuit (INTU) to Equal-Weight, cutting the target to $335. BTIG downgraded Tripadvisor (TRIP) to Neutral. Truist Securities downgraded Tenable (TENB) to Hold, raising the target to $40. Finally, Morgan Stanley downgraded Adobe (ADBE) to Underweight, slashing the price target from $365 to $240.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
- BMO Capital analyst Michael Zaremski downgraded Travelers Companies Inc (NYSE:TRV) from Outperform to Market Perform and raised the price target from $314 to $379. Travelers shares closed at $368.50 on Monday. See how other analysts view this stock.
- Morgan Stanley analyst Keith Weiss downgraded Intuit Inc (NASDAQ:INTU) from Overweight to Equal-Weight and slashed the price target from $580 to $335. Intuit shares closed at $293.82 on Monday. See how other analysts view this stock.
- BTIG analyst Jake Fuller downgraded Tripadvisor Inc (NASDAQ:TRIP) from Buy to Neutral. Tripadvisor shares closed at $14.41 on Monday. See how other analysts view this stock.
- Truist Securities analyst Junaid Siddiqui downgraded Tenable Holdings Inc (NASDAQ:TENB) from Buy to Hold and boosted the price target from $27 to $40. Tenable shares closed at $37.76 on Monday. See how other analysts view this stock.
- Morgan Stanley analyst Keith Weiss downgraded Adobe Inc (NASDAQ:ADBE) from Equal-Weight to Underweight and cut the price target from $365 to $240. Adobe shares closed at $234.74 on Monday. See how other analysts view this stock.
Considering buying ADBE stock? Here’s what analysts think:
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