Red Hat (RHT) Shares Higher as Stifel Nicolaus Adds to 'Select List'; Removes Taleo (TLEO)

Shares of Red Hat (NYSE: RHT) are up nearly 1 percent heading into Wednesday's afternoon session following the addition of the stock to Stifel Nicolaus' "Select List" earlier. The stock last traded at $42.02.

Taleo (Nasdaq: TLEO) shares were removed from the list. Shares of TLEO are down 3.1 percent to $37.61 at last check.

Stifel's Tim Klasell maintains a Buy rating and $56 price target on shares of Red Hat.

Visit our Analyst Ratings page to track all the market-moving analyst action on shares of Red Hat.

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