Shares of Red Hat Respond to Morgan Stanley's Upgrade and Optimism
January 13, 2014 at 10:42 AM EST
In a report published Monday, Morgan Stanley analyst Keith Weiss upgraded Red Hat, Inc. (NYSE: RHT ) from Equal-weight to Overweight and announced a $69.00 price target optimistic on billings growth acceleration. Weiss commented on Red Hat's transitional past two years deceleration from 22% in FY12 to approximately 16%.
