Analysts are weighing in today on tech behemoth Apple Inc. (NASDAQ:AAPL - 529.69), casino operator Las Vegas Sands Corp. (NYSE:LVS - 45.92), and software concern Adobe Systems Incorporated (NASDAQ:ADBE - 35.53). Here's a quick roundup of today's bearish brokerage notes.

• Off almost 2% in pre-market trading, AAPL saw its price target lowered to $700 from $780 this morning at UBS, who expressed concerns that iPhone production may be dropping. The stock has advanced nearly 40% during the past year, which could explain AAPL's popularity among near-term bulls. The equity's Schaeffer's put/call open interest ratio (SOIR) checks in at 0.68, indicating calls outpace puts among options expiring within the next three months. This ratio arrives in the 17th annual percentile, meaning short-term traders have infrequently been more call-heavy toward the security during the last 12 months.
  
  
• LVS was slapped with a price-target cut to $50 from $53 at UBS ahead of the open, a move that could chip away at the stock's year-to-date gain of about 7.5%. Nevertheless, the sentiment scales among the brokerage bunch remain bullishly tipped. LVS boasts 13 "strong buys" and two "buy" endorsements, compared to four "holds," and not a single "sell" suggestion. Meanwhile, the security's average 12-month price target sits at $50.90, reflecting expected upside of nearly 11% to yesterday's closing price of $45.92.
  
  
• Despite reporting better-than-expected quarterly earnings on Thursday, ADBE was downgraded to "neutral" from "buy" at Janney Capital today. (Meanwhile, Bernstein, UBS, and FBR issued upgrades and/or price-target hikes). The security has climbed more than 34% on a year-over-year basis, so it's no surprise that calls have been preferred over puts lately. In fact, the stock's 20-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio sits at 1.69, confirming calls bought to open have outnumbered puts during the past month.