Adobe Systems upgraded, RedHat downgraded by Goldman Sachs

By Monica Gerson
Benzinga Staff Writer
November 09, 2009 10:05 AM

Symbols: ADBE

Posted in: Analyst Color, Upgrades, Downgrades, Analyst Ratings

Adobe Systems (NASDAQ: ADBE) has been upgraded at Goldman Sachs from “neutral” to “buy.” The upgrade was based on robust PC growth, a rise in consumer tech spending and the upcoming launch of Creative Suite 5.

Goldman Sachs has downgraded RedHat (NASDAQ: RHAT) from “buy” to “neutral” as RHAT’s shares are trading close to the target price of $29.

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Adobe Systems upgraded, RedHat downgraded by Goldman Sachs

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