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Fly News Breaks for March 28, 2017
RHT
Mar 28, 2017 | 09:05 EDT
Cowen analyst Gregg Moskowitz said Red Hat reported "very good" Q4 billings growth and he sees the company being well positioned on many fronts. The analyst, who expects RHEL and middleware to take meaningful share and for the company's public cloud momentum to keep rising, raised his price target on Red Hat to $93 from $88 and keeps an Outperform rating on the stock.
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