This Adobe Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Tuesday

HSBC analyst Stephen Bersey downgraded Adobe Inc. (NASDAQ: ADBE) from Buy to Hold and reduced the price target from $310 to $267, while Adobe shares closed at $238.14 on Monday. Other notable downgrades included Arch Capital Group Ltd, AST SpaceMobile Inc, Pershing Square Inc., and Lantheus Holdings, with significant cuts to their respective price targets. Arch Capital's target was lowered from $105 to $100, AST SpaceMobile's from $98 to $54, Pershing Square's from $54 to $38, and Lantheus's from $115 to $109.