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Fly News Breaks for September 20, 2018
RHT
Sep 20, 2018 | 08:00 EDT
Oppenheimer analyst Ittai Kidron maintained an Outperform rating on Red Hat but lowered his price target to $165 from $175 following the company's "mixed" Q2 results. In a research note to investors, Kidron says he remains confident in Red Hat's competitive positioning, but believes it may take "a couple of quarters" to work through its issues and show more consistent growth and execution.
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