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Fly News Breaks for January 27, 2016
VMW
Jan 27, 2016 | 07:44 EDT
UBS said the current valuation levels of VMware offer a significant opportunity for patient investors. The firm noted the company will temper spending and focus on leveraging public clouds, which should provide a tailwind to both capital and operating expenditures. UBS reiterated its Buy rating and $72 price target on VMware shares.
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