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

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. 

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