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Fly News Breaks for July 2, 2018
VMW
Jul 2, 2018 | 20:31 EDT
Jefferies analyst John DiFucci raised his price target on VMWare to $185 after the company's one-time dividend in conjunction with Dell's intention to buy out Class V holders along with its modified FY19 guidance. The analyst sees the development as a positive as it "significantly reduces the likelihood of a reverse merger with Dell which could have proven detrimental to VMW Class A minority holders." DiFucci also kept his Buy rating on VMWare, saying the company's recent results are driven by strength across its product portfolio.
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