Piper Jaffray downgrades Adobe (ADBE -2.2%) to Neutral from Overweight. Adobe is up about 30%...

|About: Adobe Systems Incorporated (ADBE)|By:, SA News Editor

Piper Jaffray downgrades Adobe (ADBE -2.2%) to Neutral from Overweight. Adobe is up about 30% since last October and will enjoy the industry "tailwinds" caused by the shift to online advertising and content creation. But in 2011, Piper doesn't see any "catalysts material enough" to change ADBE's margin or EPS growth profile.