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

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Adobe Systems Inc (NASDAQ: ADBE) Delayed: 259.32 +1.83 (0.71%)
Previous Close $257.49    52 Week High $111.09 
Open $260.07    52 Week Low $71.27 
Day High $261.01    P/E 463.07 
Day Low $255.56    EPS $0.56 
Volume 4,242,872       

International Bus. Machines (NYSE: IBM) Delayed: 235.92 +0.77 (0.33%)
Previous Close $235.15    52 Week High $165.00 
Open $236.10    52 Week Low $116.90 
Day High $238.96    P/E 15.79 
Day Low $233.46    EPS $14.94 
Volume 5,703,769