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In a report published Friday, Morgan Stanley analyst Keith Weiss reiterated an Overweight rating and $69.00 price target on
Red HatRHT.
In the report, Morgan Stanley noted, “Partner conversations & survey work suggest stabilized RHEL trends and growing traction for newer products, which should sustain growth through FY15. With traction building across the broader RHT portfolio and the stock underpricing FCF growth, we remain buyers.”
Red Hat closed on Thursday at $50.49.
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