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المشهد العربي
Adobe shares decline after Morgan Stanley report
Adobe's stock decreased by 2.25%, reaching $229.60, after Morgan Stanley downgraded its recommendation from $365 to $240. The bank cited discussions about the impacts of artificial intelligence on software company models as a potential threat to Adobe's revenue growth prospects. These forecasts are considered negative, indicating that the new estimates significantly diminish hopes for a sharp increase in the stock, which has already declined by 34.3% since the beginning of the year.
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