Evercore lifts its PT for Red Hat (RHT -1.6%) to $66 following meetings with management. The...

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

Evercore lifts its PT for Red Hat (RHT -1.6%) to $66 following meetings with management. The firm sees the enterprise Linux kingpin as well-positioned to benefit from broader industry trends such as the adoption of "big data" analytics and virtualization, and also believes its core Linux business has room to run. Though with shares up strongly thus far in 2012, Evercore thinks a near-term correction is possible.