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Fly News Breaks for August 30, 2019
VMW, DELL
Aug 30, 2019 | 06:41 EDT
JPMorgan analyst Paul Coster expects shares of Dell Technologies (DELL) to trade higher today on last night's "very strong" Q2 results. In a challenging end market, Dell is garnering share in higher-margin growth segments, yielding share where the business is unattractive, and executing on promised innovation that leverages the VMWare (VMW) platform, Coster tells investors in a post-earnings research note. He views the print as "all-around encouraging" and maintains an Overweight rating on Dell Technologies with a $72 price target.