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Fly News Breaks for September 20, 2018
RHT
Sep 20, 2018 | 07:51 EDT
Cowen analyst Gregg Moskowitz noted Red Hat reported mixed Q2 results, which was in-line with his expectations. The analyst said billings were better than feared and as a result he believes the shares are well positioned over the medium to longer-term. Moskowitz maintained his Outperform rating and lowered his price target to $153 from $160 on Red Hat shares.
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