Jefferies downgrades Adobe, upgrades IBM as AI reshapes 2026 software outlook

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Adobe Systems Inc (NASDAQ: ADBE) Delayed: 283.62 +1.88 (0.67%)
Previous Close $281.74    52 Week High $111.09 
Open $280.28    52 Week Low $71.27 
Day High $283.85    P/E 506.46 
Day Low $276.05    EPS $0.56 
Volume 4,801,538       

International Bus. Machines (NYSE: IBM) Delayed: 258.85 +2.30 (0.90%)
Previous Close $256.55    52 Week High $165.00 
Open $256.44    52 Week Low $116.90 
Day High $259.40    P/E 17.33 
Day Low $252.21    EPS $14.94 
Volume 6,234,067