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Fly News Breaks for October 9, 2015
EMC
Oct 9, 2015 | 08:12 EDT
Morgan Stanley analyst Katy Huberty said a potential combination between EMC and Dell is possible but sees potential hurdles that include valuation given Dell's limited balance sheet capacity and lack of public equity currency, rumored price is below EMC's 52-week high of $31, and a potential sale of the VMware stake reduces EMC's joint selling synergies with the company. Huberty rates EMC shares an Equal Weight with a $26 price target.
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