Red Hat (RHT) PT Raised to $120 at Wells Fargo Ahead of 2Q Earnings Announcement; 'Expecting Another Strong Quarter'
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: 20 | Down: 14 | New: 22
Rating Summary:
16 Buy, 24 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 20 | Down: 14 | New: 22
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Wells Fargo raised its price target on Red Hat (NYSE: RHT) to $120.00 (from $115.00) while maintaining a Outperform rating, ahead of the company's second quarter announcement on September 25th.
Analyst Siti Panigrahi notes a positive outlook ahead of the company's second quarter earnings report, citing the recent momentum of large deals, the increasing uptake of its emerging technologies, and FX tailwinds, while suggesting expect management to raise cash flow guidance for FY2018.
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