Goldman, BMO, and Jefferies Downgrade Adobe (ADBE)
Adobe Inc. (NASDAQ:ADBE) is one of the 11 Most Profitable Cheap Stocks to Invest In Now. On January 12, Goldman Sachs downgraded its rating on Adobe Inc. (NASDAQ:ADBE) from Buy to Sell and set a price target of $290. This downgrade came as analyst Gabriela Borges assumed coverage of the software company. Goldman Sachs pointed out that the company’s near-term revenue growth is expected to be about 10%, which is below the 11% average seen among its peers. The firm also pointed to lower EPS growth of 10% co ...