Wedbush Morgan Cuts Akamai (AKAM) to Hold
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Wedbush Morgan downgrades Akamai Technologies, Inc. (NASDAQ: AKAM) from Buy to Hold and lowers their price target from $23 to $20.
The firm cited industry and customer checks that indicated that the economy and competition could diminish financial performance resulting in weaker than expected guidance.
Akamai Technologies, Inc. provides services for accelerating the delivery of content and applications over the Internet.
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