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Fly News Breaks for June 1, 2018
VMW
Jun 1, 2018 | 08:53 EDT
Credit Suisse analyst Brad Zelnick raised his price target for VMware to $160 from $155 and reiterated an Outperform rating on the shares following the company's "exceptional" Q1 results. While the company did not provide an update on Dell's 13D filing, Zelnick said VMware remains one of the few software stocks trading at a deep discount to intrinsic value.
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