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Red Hat (RHT) looks ready to leverage its position as the No. 1 provider of Linux-based open-source operating-system software as it moves deeper into fast-growing areas such as the cloud. So concludes Brian White, an analyst for Cantor Fitzgerald, who initiated coverage on the enterprise software company on Tuesday with a buy rating and a price target of 81. Red Hat stock inched up a fraction, near 69.50, in morning trading in the stock market Scalper1 News
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