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Enter Symbol:
 
Red Hat Inc. (RHT) [hlAlert]

Rating:
Outperform
RHT
up 32.26 %

Red Hat Inc. (RHT) upgraded to Outperform by Raymond James

Posted on: Friday,  Dec 20, 2013  8:25 AM ET by Raymond James

Raymond James rated Outperform Red Hat Inc. (NYSE: RHT) on 12/20/2013, when the stock price was $56.10. Since
then, Red Hat Inc. has gained 32.26% as of 01/08/2016's recent price of $74.20.
If you would have followed this Raymond James's recommendation on RHT, you would have gained 32.26% of your investment in 749 days.

Red Hat Inc.(Red Hat) is engaged in providing open source software solutions to the enterprise, including its core enterprise operating system platform, Red Hat Enterprise Linux, its enterprise middleware platform, JBoss Enterprise Middleware, its virtualization solutions and other Red Hat enterprise technologies. The Company employs an open source software development and licensing model that uses the collaborative input of an international community of contributors to develop and enhance software. The collectively developed software is distributed under open source licenses, such as the GNU General Public License and GNU Lesser General Public License, permitting access to the human-readable software source code. In March 2008, the Company acquired Amentra, Inc., and in September 2008, it acquired Qumranet, Inc. Its wholly owned subsidiary is Red Hat Professional Consulting, Inc.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/20/2013 8:25 AM Buy
None
56.10
as of 8/27/2015
1 Week down  -1.23 %
1 Month down  -6.80 %
3 Months down  -4.88 %
1 YTD up  32.40 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/25/2013 8:25 AM Hold
None
49.74

(*) Stock Price at the time of the recommendation.
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