Morgan Joseph Downgrades iPass (IPAS) to Hold
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Morgan Joseph downgrades iPass (Nasdaq: IPAS) from Buy to Hold.
The firm's downgrade on iPass comes after the company reported soft earnings yesterday after the close. Morgan Joseph says the "March quarter was knocked on economic woes" and notes that these disappointing results offset any real progress iPass has made over the quarter.
iPass, Inc. provides software-enabled enterprise connectivity services for mobile workers. [BCS]
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