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Fly News Breaks for July 30, 2015
VMW, EMC
Jul 30, 2015 | 08:24 EDT
After EMC (EMC) said that it was looking to strengthen its ties with VMware (VMW), Bernstein says that buying in Vmware would be 16%-27% accretive to EMC. The firm thinks that EMC could increase its EPS by 16% if it buys its own shares. Bernstein keeps a $32 price target and Outperform rating on the shares.
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