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Fly News Breaks for September 1, 2015
EMC, VMW
Sep 1, 2015 | 08:11 EDT
As reported previously, Baird upgraded VMware (VMW) to Outperform from Neutral. The firm noted the company took the speculation of a downstream merger with EMC (EMC) off the table at its analyst days and also cited improved traction in a number of product areas. Baird sees the current level as an attractive entry point and calls VMware the best positioned software infrastructure provider. Baird maintained its $95 price target on VMware shares.
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