FBN Securities Downgrades Riverbed Technology (RVBD) to Sector Perform

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FBN Securities downgraded Riverbed Technology (NASDAQ: RVBD) from Outperform to Sector Perform with a price target of $28 (down from $31) following lower Q1 guidance. The firm said while we are at the low point, the 2012 bar is still high.

For an analyst ratings summary and ratings history on Riverbed Technology click here. For more ratings news on Riverbed Technology click here.

Shares of Riverbed Technology closed at $29.92 yesterday, with a 52 week range of $18.33-$44.70.

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