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Fly News Breaks for July 23, 2015
VMW, EMC
Jul 23, 2015 | 09:09 EDT
BMO Capital says EMC's (EMC) decision to cut costs and increase its focus on its operations are positive. The firm thinks the company would create more value by spinning off VMware (VMW) than by buying into it, and BMO does not see a high probability of EMC selling itself. BMO keeps a $29 price target and Outperform rating on EMC.
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