Shares of Adobe Systems and Celestica Receive New Stock Ratings and Price Targets

Wall St. Watchdog reveals information about companies for which stock analysts downgraded shares in the Technology sector for the week ending December 2nd, 2011.

  • Adobe Systems (NASDAQ:ADBE): Brigantine downgraded its rating on this company from Hold to Sell and changed its price target to $23. About the company: Adobe Systems Incorporated develops, markets, and supports computer software products and technologies. The Company’s products allow users to express and use information across all print and electronic media. Adobe offers a line of application software products, type products, and content for creating, distributing, and managing information. Get the most recent company news and stock data here >>
  • Celestica (NYSE:CLS): Ticonderoga downgraded its rating on this company from Neutral to Sell and changed its price target to $5 on Dec 2nd. The shares recently traded at $7.97, up $0.1, or 1.27% since the analyst’s rating. About the company: Celestica Inc. designs and manufactures electronic components. The Company’s products and services include design, prototyping, printed circuit assembly, full system assembly, power converters, memory packages and repair services. Celestica markets its products and services to original equipment manufacturers, primarily in the computer and communications sector. Get the most recent company news and stock data here >>

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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