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Fly News Breaks for September 13, 2017
Sep 13, 2017 | 07:26 EDT
After attending the Open Source Summit North America, JMP Securities analyst Greg McDowell said open source is not only growing but accelerating "exponentially," adding that he believes Red Hat has been and should continue to be a beneficiary of the trend. Given that the summit left him feeling better about Red Hat's prospects, he raised his price target on the stock to $122 from $107. McDowell keeps an Outperform rating on Red Hat shares ahead of the company's earnings report on September 25.
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