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Fly News Breaks for October 21, 2015
EMC, VMW
Oct 21, 2015 | 07:53 EDT
UBS lowered its price target on VMWare to $78 from $90 following disappointing Q3 results. The firm said organic results came in worse than expected, with softer than anticipated Q3 bookings and lowered license revenue guidance. UBS maintained its Buy rating on VMWare, citing the stock's lowest trading level in five years.
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