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Fly News Breaks for July 6, 2015
VMW
Jul 6, 2015 | 06:29 EDT
FBR Capital analyst Daniel Ives downgraded VMware to Market Perform from Outperform and lowered his price target for shares to $90 from $96. Ives has concerns about the company's growth in the second half of 2015 and FY16 after his channel checks indicated limited upside to further server virtualization penetration. He believes VMware is in the "eighth inning" of its vSphere penetration at the enterprise.
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