Fly News Breaks for March 23, 2016
RHT
Mar 23, 2016 | 07:05 EDT
Citi analyst Walter Pritchard raised his price target for Red Hat to $90 citing higher free cash flow expectations in FY18 following the company's Q4 results. The "tad light" billings in the quarter were offset by the company's strong outlook, Pritchard tells investors in a research note. He keeps a Buy rating on the shares.
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