Adobe Tumbles After Downgrade
Shares of
Adobe Systems
(ADBE) - Get Adobe Inc. Report
were hit after
Banc of America
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downgraded the software company to market perform from buy.
The firm said revenue growth rates at the San Jose, Calif., company likely have leveled off.
Shares of Adobe, a maker of graphic design and publishing software, were recently trading down $6.13, or 8.1%, to $69.81 in
Nasdaq
trading.
