WS #12537
Morgan Stanley downgraded Adobe, Intuit, Elastic, BlackLine, and JFrog, citing slow AI payoff and valuation concerns, a significant negative for the software sector. China broadens market rescue with record inflows into tech ETF, supporting emerging market assets and tech stocks.
Morgan Stanley Software Downgrades
Morgan Stanley downgraded Adobe, Intuit, Elastic, BlackLine, and JFrog, citing slow AI payoff and valuation concerns, a significant negative for the software sector.
China broadens market rescue with record inflows into tech ETF, supporting emerging market assets and tech stocks.