Morgan Stanley Upgrades Fortinet, Downgrades Adobe

Morgan Stanley has upgraded Fortinet's rating while simultaneously cutting Adobe's rating to underweight, citing AI fears impacting Adobe stock. These rating changes reflect shifting analyst perspectives on the cybersecurity and software sectors.

21 Jul, 10:58 — 21 Jul, 10:58

Post Share

Sources

Showing 1 of 2 sources

marketwatchMostly Factual5d ago

Adobe stock has been crushed by AI fears. Now Morgan Stanley has cut its rating to underweight.

Morgan Stanley cut its price target for Adobe by more than a third, citing multiple transitions and the potential for increased competition from artificial-intelligence alternatives.

By Nora Redmond

Read full article →

Coverage Timeline

First report: marketwatch · 21 Jul, 10:58|Full coverage: 2 · 50m|Window: 50m

Left-leaningCenterRight-leaning

marketwatch21 Jul, 10:58First to report

Adobe stock has been crushed by AI fears. Now Morgan Stanley has cut its rating to underweight.

seeking-alpha21 Jul, 11:48Latest update

PERSPECTA

PERSPECTA

Morgan Stanley Upgrades Fortinet, Downgrades Adobe

Sources

Adobe stock has been crushed by AI fears. Now Morgan Stanley has cut its rating to underweight.

Coverage Timeline

Adobe stock has been crushed by AI fears. Now Morgan Stanley has cut its rating to underweight.

Fortinet gets rating upgrade, while Rapid7 cut at Morgan Stanley

Related Stories

University of Hong Kong President Zhang Xiang to Step Down in 2028

Naver and Nvidia Partner to Build 200 MW AI Factory by 2028

Bank Indonesia Governor Perry Warjiyo Steps Down

Oil prices plunge as tensions between the US and Iran ease

PERSPECTA