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Fly News Breaks for September 1, 2015
VMW
Sep 1, 2015 | 07:32 EDT
After attending VMware's Analyst Day, Oppenheimer is encouraged by what it sees as the company's SDDC and Hybrid Cloud momentum,"solid progress" in emerging growth areas, and progress towards increasing its recurring revenue. The firm notes that the company's operating margin is expected to rise a percentage point next year as it moderates its new product investments. Oppenheimer keeps a $95 price target and Outperform rating on the shares.
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