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Fly News Breaks for June 23, 2016
RHT
Jun 23, 2016 | 08:57 EDT
Pacific Crest believes that Red Hat reported solid Q1 results which "showcased" its newer products. The firm was impressed by what it sees as the company's traction in large deals. It expects the company's fiscal 2017 free cash flow to beat expectations, and it recommends buying the stock.
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