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Fly News Breaks for June 1, 2018
VMW
Jun 1, 2018 | 07:12 EDT
BMO Capital analyst Keith Bachman raised his price target for VMware to $155 from $138 and maintained an Outperform rating following a "great" Q1 that featured a beat and raise, though he noted in a research note that the potential actions of Dell remain an overhang. Bachman said he has greater confidence that VMware can "serve as the glue that binds" the private and public clouds in a hybrid world and believes the company's core compute and management businesses will remain healthy and continue to drive its financial model.
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