Goldman Sachs Downgrades Red Hat To Sell, Shares Slip

Analysts at Goldman Sachs downgraded

from Neutral to Sell. The price target for Red Hat is set to $70. Red Hat shares have surged 13.94% over the past 52 weeks, while the S&P 500 index has gained 9.45% in the same period. Red Hat's shares fell 2.73% to $65.60 in pre-market trading.