Wells Fargo Downgrades Red Hat To Market Perform

Analysts at Wells Fargo downgraded Red Hat RHT from Outperform to Market Perform. Red Hat shares have surged 29.93% over the past 52 weeks, while the S&P 500 index has gained 14.76% in the same period. Red Hat's shares fell 0.99% to $61.07 in pre-market trading.