Red Hat (RHT +3.8%) moves higher this morning after Wells Fargo initiates coverage with an...

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

Red Hat (RHT +3.8%) moves higher this morning after Wells Fargo initiates coverage with an outperform, saying the company has evolved into a broad-based provider of infrastructure stack solutions, and is well positioned to benefit from secular trends in open source TCO projects, virtualization and cloud management.