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Fly News Breaks for June 8, 2015
RHT
Jun 8, 2015 | 07:29 EDT
RBC Capital expects Red Hat's Q1 results to beat expectations, as the firm says that its checks with the company's resellers were positive, while the company should benefit from strength in both its enterprise Linux business and its emerging products. The firm expects the company's growth to accelerate next year and raised its price target on the name to $85 from $80 while keeping an Outperform rating on the stock.
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