By: Benzinga
UPDATE: Jefferies Downgrades Akamai Technologies to Hold on Short Term Outlook
Jefferies downgraded Akamai Technologies (NASDAQ: AKAM ) from Buy to Hold and lowered the price target from $44.00 to $40.00. Jefferies said, "AKAM plans to increase reinvestments well ahead of Street forecasts across both sales distribution and R&D. We had been concerned with the likely revenue growth deceleration in CY13
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