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Fly News Breaks for August 26, 2019
DELL, VMW, PVTL
Aug 26, 2019 | 07:16 EDT
Credit Suisse analyst Brad Zelnick downgraded Pivotal Software (PVTL) to Neutral from Outperform and lowered his price target for the shares to $15 from $20. Given VMware's (VMW) partnership with Pivotal and Dell Technologies' (DELL) combined interest, the analyst does not see a competing takeover bid emerging.