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Fly News Breaks for December 15, 2015
VMW
Dec 15, 2015 | 05:45 EDT
Jefferies analyst John DiFucci calls VMware's decision to no longer fully consolidate its Virtustream business an "abrupt turnabout" from the Q3 earnings call. While a negative to revenue, the move should be a net positive to both operating margin and free cash flow, DiFucci tells investors in a research note. He views VMware as attractively valued at current levels and keeps a Buy rating on the name with an $83 price target.
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