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Adobe Shares Slip After HSBC Downgrades Software Company

Adobe shares edged lower in premarket trading Oct. 13 after HSBC downgraded the company. Wells Fargo double-downgraded Adobe on Monday.

By Enna Lee
Published
Tablet with a red market line beside a silver stylus / TokenPost.ai
Tablet with a red market line beside a silver stylus / TokenPost.ai

Adobe shares slipped fractionally in premarket trading Oct. 13 after HSBC downgraded the software company over concerns about artificial intelligence-coded clones.

The move followed Wells Fargo’s double downgrade of Adobe on Monday, adding another rating change for the company ahead of the U.S. market open.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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