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Citigroup downgrades Adobe to 'Sell'

The Motley Fool +1 · ·by G4L

ADBE Adobe Inc
$236.70 -0.26%
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  1. 1Citigroup downgraded Adobe's investment rating from Neutral to Sell on November 4.
  2. 2Tyler Radke lowered the price target from $250 to $207.
  3. 3Adobe is currently recording a price-to-earnings ratio of 10x for this year.

So what's the key point?

Citigroup issued an opinion to sell Adobe stock. The price target, which is the expected future value of the stock, was lowered to $207.

Source The Motley Fool +1 · View original ↗

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