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Oppenheimer Upgrades Red Hat (RHT) to Outperform

April 14, 2010 7:38 AM EDT
RHT Hot Sheet
Rating Summary:
    9 Buy, 6 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 16 | Down: 7 | New: 23
Oppenheimer upgrades Red Hat (NYSE: RHT) from Perform to Outperform. The firm set a $40 price target.

With shares of Red Hat up more than 1% to around $31.51 this morning, Oppenheimer's new price target suggests potential upside of about 27%.

Visit our Analyst Ratings page to see all the upgrades/downgrades on shares of Red Hat.

Red Hat, Inc., together with its subsidiaries, provides open source software solutions to enterprises worldwide.

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