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Fly News Breaks for March 19, 2018
RHT
Mar 19, 2018 | 04:46 EDT
Barclays analyst Raimo Lenschow raised his price target for Red Hat to $165 saying that while tough comps will limit upside in Q4, the long-term story is attractive. The analyst continues to see upside driven by the company's "attractive hybrid cloud positioning and momentum in both core and emerging products." He keeps an Overweight rating on the shares into the Q4 results on March 26.
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