Wall Street ends higher on technology, energy boost
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June 21, 2017 9:51 AM EDT
Rosenblatt raised its price target on Red Hat (NYSE: RHT) to $112.00 (from $95.00) while maintaining a Buy rating following 1Q results.
Large deal metrics showed real strength in the quarter with 44 deals over $1 million, 7 over $5 million, 4 over $10 million and 1 over $20 million. While the... More
June 21, 2017 9:19 AM EDT
BofA/Merrill Lynch raised its price target on Red Hat (NYSE: RHT) to $105.00 (from $92.00) while maintaining a Neutral rating following the company's 1Q billings results. Billings of $631mn, came in well above $616mn estimates.
Margin leverage will be likely muted... More
June 21, 2017 8:57 AM EDT
BofA/Merrill Lynch raised its price target on FedEx (NYSE: FDX) to $240.00 (from $230.00) while maintaining a Buy rating following 4Q report. FedEx reported adjusted EPS of $4.25, up 29% year-over-year, 9% above consensus $3.89 estimate. Revenues were $15.73 billion, up 21% year-year, and $188 million above BofA/Merrill Lynch's target, with... More
June 21, 2017 8:23 AM EDT
Drexel Hamilton raised its price target on Red Hat (NYSE: RHT) to $127.00 (from $110.00) while maintaining a Buy rating following the company's 1Q report. Red Hat reported 1Q sales of $676.8 million, ahead of the Street's $647.4 million estimate. Pro forma EPS of $0.56 exceeded the Street's EPS... More
