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Fly News Breaks for May 9, 2018
RHT
May 9, 2018 | 07:31 EDT
RBC Capital analyst Matthew Hedberg raised his price target on Red Hat to $180 and kept his Outperform rating after the company's Analyst Day. Hedberg says the event helped to highlight the "durability of low-teens core-RHEL growth" and also showcased the "impressive" emerging products led by OpenShift. The analyst further points to the positive impact of Red Hat's Microsoft (MSFT) Azure partnership, adding that the company's "momentum is strong".
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