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Fly News Breaks for October 13, 2015
EMC, VMW
Oct 13, 2015 | 07:46 EDT
UBS feels the EMC (EMC) deal with Dell is a net positive and removes future uncertainty for VMware (VMW), which has been its biggest overhang. The firm expects top-line synergies and feels VMware is clearly the best part of the acquisition given its stream of recurring revenue and high OPM. UBS maintained its Buy rating but lowered its price target to $90 from $97 on VMware shares.
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