Citigroup Cuts Red Hat Inc. (NYSE:RHT) Target Price To $ 163.00

Citigroup maintains Red Hat Inc. (NYSE:RHT) at Buy rating, while revising the price target. The research firm cuts target price to $ 163.00 down from previous mark of $ 167.00.

According to the previous trading day, closing price of RHT was $ 143.16, representing a 36.98 % increase from the 52 week low of $ 104.51 and a 19.44 % decrease over the 52 week high of $ 177.70.

Red Hat Inc. has a market capital of $ 25.39 billion and is part of the Technology sector and Application Software industry.

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