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Fly News Breaks for June 19, 2015
RHT
Jun 19, 2015 | 09:00 EDT
Baird said it believes Red Hat reported solid Q1 results against elevated expectations. The firm thinks its OpenShift and OpenStack products represent paradigm changes that offer potential material long-term kickers to its story. Baird said they would be aggressive buyers on any pullback, reiterated its Outperform rating and raised its price target to $85 from $80 on Red Hat shares.
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