Shares in Adobe Systems dropped Tuesday after a banking analyst issued a report saying the publishing-software giant may be hurt by last week's settlement of Microsoft's antitrust case.
Deutsche Bank analyst Peter Ausnit lowered the bank's rating on Adobe from "hold" to "sell." The downgrade was based partly on concerns that Friday's settlement of the Microsoft case on terms largely favorable to Microsoft will embolden the software giant to compete more directly with Adobe in key markets, including the one addressed by Adobe's Acrobat software for creating electronic documents.