Red Hat initiated with "buy" - update
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| Analyst Kevin Buttigieg of AG Edwards initiates coverage of Red Hat
| Inc with a "buy" rating. The 12-month price objective is set to $28.50.
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http://www.newratings.com/analyst_news/article_1543521.html
Sales were up 41% in the last quarterly report. It's inevitable.
Last week:
Ahead of the Bell: Red Hat [Upgraded]
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| The market for Linux has expanded and Oracle's competitive threat
| will not fundamentally disrupt Red Hat's business, he said. And
| Microsoft's threats are vague and will not result in any actual action.
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http://biz.yahoo.com/ap/070531/red_hat_ahead_of_the_bell.html?.v=1
http://finance.yahoo.com/q/ud?s=RHT
Thursday's Tech Winners & Losers
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| Finally, Red Hat rose 7% after
| Robert Baird boosted its rating on the stock to outperform from
| neutral. The firm, which has a $28 price target for the company,
| said that Red Hat is seeing a shift in its sales mix, which
| should translate into higher revenue and margins. Shares were
| up $1.61 to $24.56.
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http://www.thestreet.com/_yahoo/newsanalysis/winnerstech/10359856.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
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