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Fly News Breaks for July 7, 2016
RHT
Jul 7, 2016 | 08:11 EDT
As previously reported, Morgan Stanley downgraded Red Hat to Equal Weight from Overweight. Analyst Keith Weiss said mid-teens billings growth with flat to down margins limits upside to free-cash-flow projections and said valuation is fair to his $80 price target.
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