NEW YORK (TheStreet) --Red Hat Inc. (RHT) was initiated with a "buy" rating and $81 price target at Cantor Fitzgerald on Tuesday.
The firm said it initiated coverage on the open source software solutions provider as it believes the company is a market leader and will continue to gain market share.
Shares of Red Hat are up by 0.29% to $69.09 in pre-market trading this morning.
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Will Red Hat (RHT) Stock be Helped Today by This Ratings Initiation?
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