Tuesday, March 12, 2013

Red Hat (RHT): Good Risk/Reward Ratio?

Red Hat (RHT) took a hit this morning. I didn't know why, but then I saw this at Minyanville.com: "Citing slowing growth and an overall absence of catalysts, Citigroup takes the tech name to Neutral from Buy. Its price objective, previously $64, is now $56."

RHT closed yesterday (02013.03.11) at $53.14. Right now (02013.03.12 at 8:35am MST), RHT is at $51.00, down 4% for the day. My RHT target price remains at $67.48.

No comments:

Post a Comment