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Fly News Breaks for June 19, 2015
RHT
Jun 19, 2015 | 07:15 EDT
Stephens said Red Hat's Q1 beat on the top and bottom lines was driven by a continued high level of demand for Red Hat Enterprise Linux and strong cross-selling. The firm thinks the company is well positioned for sustained growth, citing its cloud portfolio and industry mega-trends, and keeps its Overweight rating and $85 price target on Red Hat shares.
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