Salesforce Gains, Adobe Drops, Chipotle Falls on News Starbucks Won't Buy the Company | Stock Movers

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On this episode of Stock Movers: - Salesforce (CRM) shares gain. BofA Global Research raised the recommendation on the software company to buy from underperform, pointing to tailwinds from AI adoption. - Adobe (ADBE) shares are down. Wells Fargo Securities downgraded the maker of software for creative professionals by two notches, to underweight from overweight. - Chipotle (CMG) shares fall. Starbucks Corp. said it’s not buying Chipotle Mexican Grill Inc, seeking to tamp down speculation about what could have been one of the restaurant sector’s largest-ever deals. The company issued a statement on Monday following a report last week that Starbucks, run by former Chipotle Chief Executive Officer Brian Niccol, had worked on a takeover proposal. See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street. Check

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