Goldman Sachs Downgrades Red Hat (RHT) to Neutral

November 9, 2009 8:24 AM EST

Goldman Sachs downgrades Red Hat, Inc. (NYSE: RHT) from Buy to Neutral, citing valuaion as share approach their $29 price target.

The firm sees better upside in Adobe (Nasdaq: ADBE), which they upgraded to Buy today.

For more analyst ratings on Red Hat click here.


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Downgrades

Stocks Mentioned

ADBE 35.38

-0.79 -2.18%
Volume: 2,049,561
Track ADBE

RHT 26.80

-0.82 -2.97%
Volume: 757,763
Track RHT


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