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

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Adobe Systems Inc (NASDAQ: ADBE) Delayed: 241.60 -7.92 (3.17%)
Previous Close $249.52    52 Week High $111.09 
Open $254.52    52 Week Low $71.27 
Day High $254.67    P/E 431.43 
Day Low $241.08    EPS $0.56 
Volume 1,689,597       

International Bus. Machines (NYSE: IBM) Delayed: 231.49 -0.44 (0.19%)
Previous Close $231.93    52 Week High $165.00 
Open $234.47    52 Week Low $116.90 
Day High $236.20    P/E 15.49 
Day Low $230.54    EPS $14.94 
Volume 1,324,046