BTIG Downgrades Red Hat (RHT) to Neutral

June 22, 2018 5:05 AM EDT
Get Alerts RHT Hot Sheet
Price: $187.71 --0%

Rating Summary:
    16 Buy, 24 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 5 | New: 29
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BTIG downgraded Red Hat (NYSE: RHT) from Buy to Neutral.

Analyst Joel Fishbein Jr has concerns that the "speed bumps" witnessed during the quarter aren't a warning of more issue ahead. The analyst believes the after-hours selloff balances the risk regarding scrutiny for execution throughout the remaining for FY 2019.

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 $165.73 yesterday.

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