Barclays Downgrades Adobe Inc. (ADBE) Stock to Equal Weight

Adobe Inc. (NASDAQ:ADBE) is one of the Most Undervalued Stocks to Buy According to Analysts. On March 13, Barclays downgraded the company’s stock to “Equal Weight” from “Overweight” with a price objective of $275, down from the prior target of $335, as reported by The Fly. As per the analyst, the company’s net new annual recurring revenue was below the estimates. The firm believes that the biggest news is that Adobe Inc. (NASDAQ:ADBE)’s long-time CEO is transitioning out. Barclays Downgrades Adobe Inc. (A ...