Morgan Stanley upgrades Red Hat (RHT +1.3%) to Overweight, citing a strong renewal rate for...

|About: Red Hat, Inc. (RHT)|By:, SA News Editor

Morgan Stanley upgrades Red Hat (RHT +1.3%) to Overweight, citing a strong renewal rate for existing accounts, with expected higher billing margins and tax benefits. As the current Linux market leader, Red Hat could also be a good buyout target.