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Janney Montgomery Cuts Quest Software to Neutral

From Standard & Poor's Equity Research

Janney Montgomery downgraded Quest Software (QSFT) to neutral from buy, noting the recent news that the company is restating its financial results amid a review of its stock option grants.

Quest Software plans to restate its annual and interim financial statements for 2000 through 2005, as well as for the first quarter of 2006.

Analyst Joel Fishbein is concerned the company's management could be at risk.

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