UBS Sees Red Hat (RHT) As A Compelling Takeover Target
RHT Hot Sheet
Rating Summary:9 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 7 | New: 26
This morning, UBS initiated coverage on Red Hat Inc. (NYSE: RHT) with a Buy rating and $35 price target. Shares are currently trading up 0.78%.
UBS analyst sees positive near-term IT industry trends helping RHT, up-selling opportunities, FY11 guidance looks conservative at this point; and RHT presents a compelling takeover target.
To see all the upgrades/downgrades on shares of RHT, visit our Analyst Ratings page.
Red Hat Inc.(Red Hat) is engaged in providing open source software solutions to the enterprise, including its core enterprise operating system platform, Red Hat Enterprise Linux, its enterprise middleware platform, JBoss Enterprise Middleware, its virtualization solutions and other Red Hat enterprise technologies.
UBS analyst sees positive near-term IT industry trends helping RHT, up-selling opportunities, FY11 guidance looks conservative at this point; and RHT presents a compelling takeover target.
To see all the upgrades/downgrades on shares of RHT, visit our Analyst Ratings page.
Red Hat Inc.(Red Hat) is engaged in providing open source software solutions to the enterprise, including its core enterprise operating system platform, Red Hat Enterprise Linux, its enterprise middleware platform, JBoss Enterprise Middleware, its virtualization solutions and other Red Hat enterprise technologies.
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