Oppenheimer Lifts Price Target on Red Hat (RHT) After Strong Q4
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Price: $187.71 --0%
Rating Summary:
16 Buy, 24 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 11 | New: 18
Rating Summary:
16 Buy, 24 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 11 | New: 18
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Oppenheimer raised its price target on Outperform-rated Red Hat (NYSE: RHT) from $50 to $56 following strong Q4 results.
"RHT remains well positioned to generate billings growth as it capitalizes on secular shifts within data centers," the firm comments.
The firm also raised FY12 EPS from $1.07 to $1.10 and FY13 from $1.10 to $1.19.
For an analyst ratings summary and ratings history on Red Hat click here. For more ratings news on Red Hat click here.
Shares of Red Hat closed at $51.39 yesterday.
"RHT remains well positioned to generate billings growth as it capitalizes on secular shifts within data centers," the firm comments.
The firm also raised FY12 EPS from $1.07 to $1.10 and FY13 from $1.10 to $1.19.
For an analyst ratings summary and ratings history on Red Hat click here. For more ratings news on Red Hat click here.
Shares of Red Hat closed at $51.39 yesterday.
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