Adobe made it in the news as it saw a market analyst downgrade its stock position from ‘market perform’ to ‘underperform’. Shares went down by $1.66, closing at $22.10. FBR Research analyst David Hilal stated:

Shares have risen to a point where the risk-reward profile is unfavorable.

Though on a brighter note, Dan Rosenweig joined Adobe’s board of directors. The former Yahoo was COO till 2006 and president of CNET Networks.

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