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Monday, November 09, 2009
Adobe Upped, Red Hat Cut By Goldman Sachs
By Steve Goldstein
MarketWatch Pulse
LONDON -- Goldman Sachs lifted its rating on Adobe Systems to buy from neutral ahead of the launch of Creative Suite 5 as well as stronger PC growth and healthier consumer tech spending. The brokerage also moves Salesforce.com to enutral from sell, citing a solid third quarter, a more mature business model and its dominant position in Cloud/SaaS. RedHat meanwhile was cut to neutral from buy as shares approach its $29 price target.
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