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Red Hat falls on analyst's downgrade
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Bank of America analyst Kirk Materne cut his rating on Red Hat's shares (RHAT:22.99, -1.37, -5.6%) to neutral from a buy, saying the stock's march upward leaves only moderate room for upside in the intermediate term. While Red Hat's long-term growth prospects are intact, the shares are less compelling for the near-term, he said.
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Nov 16, 2005 7:08 AM |
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