- UBS (Buy), BMO Capital Markets (Outperform), Raymond James (Outperform) and Drexel Hamilton (Buy) raise respective targets on Red Hat (NYSE:RHT) to $90, $89, $90 and $110 (current price $80.02). Oppenheimer & Co. restates an Outperform, maintaining an $88 target.
- Jefferies analyst John DiFucci raises his target from $75 to $79, though retains a Hold rating while MKM Partners' Kevin Buttigieg is mostly unmoved on the results, restating a Neutral rating and $75 target (raises FY 2017 revenue estimate to $2.43B and EPS estimate to $2.25).
- Earnings call transcript
- Q2 overview