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Investment bank Robert W. Baird lowered its Q4 billings outlook for Red Hat (RHT) below the Wall Street consensus, which helped send Red Hat stock falling Monday. Baird maintained its 85 price target and outperform rating, but Red Hat fell 1.3% in the stock market today, to 81.41. Red Hat stock hit an all-time high of 83 on Nov. 5 and is up 18% this year. Atop IBD’s Computer Software-Desktop industry group, Red Hat leads the group with a nearly Scalper1 News
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