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Fly News Breaks for March 6, 2018
DXC, VMW
Mar 6, 2018 | 08:23 EDT
Maxim analyst Nehal Chokshi raised his price target on VMWare (VMW) to $134, saying the positive impact of tax changes is the primary driver of the updated valuation model. Chokshi keeps his Hold rating, noting that while the company's license revenues are strong thanks in part to the October-quarter booked DXC (DXC) deal, the "risks associated with a reverse merger" are material.
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