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Enter Symbol:
Rating: RHT
Buy $88

Red Hat Inc. (NYSE: RHT) upgraded to Buy with price target $88 by UBS

Friday,  Jun 19, 2015  11:25 AM ET by Betsy O'Brien Harrison

UBS upgraded Red Hat Inc. (NYSE: RHT) to Buy with price target $88. Previously UBS upgraded to Red
Hat Inc. (NYSE: RHT) to Neutral with price target $54 on 03/27/2012, when the stock price was $52.65. Since then, Red Hat Inc.'s stock price has gained 52% as of 06/19/2015's recent price of $80.14.

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.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.

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