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Ahead of the Bell: Red Hat

Dec 10, 2007, 14:30 (1 Talkback[s])

"A Jefferies & Co. analyst downgraded Red Hat Inc., saying competing technologies are nabbing market share and could hurt profit growth, as the software maker deals with rivalry by making acquisitions.

Katherine Egbert in a client note cut her rating on Red Hat to 'Hold' from 'Buy' and reduced her target price to $19 from $23..."

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