Red Hat (RHT) Shares Rallying Amid Stifel Nicolaus Upgrade to Buy

January 26, 2011 9:04 AM EST Send to a Friend
Get Alerts RHT Hot Sheet
Price: $48.54 -1.66%

Rating Summary:
    12 Buy, 12 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 16 | New: 13
Trade RHT Now!
Shares of Red Hat (NYSE: RHT) are trading sharply higher in the pre-market action as an analyst at Stifel Nicolaus upgraded the stock from Hold to Buy earlier. The firm also set a new $49 price target on shares of Red Hat.

With RHT shares up 2.4% to $40.97 this morning, Stifel Nicolaus' new price target implies potential upside of about 20%.

For more ratings news on Red Hat click here and for the rating history of Red Hat click here.


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