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Fly News Breaks for March 1, 2019
VMW
Mar 1, 2019 | 08:00 EDT
KeyBanc analyst Alex Kurtz reiterated an Overweight rating on VMware and raised his price target to $192 from $172 after the company executed a beat and raise for Q4 results and FY20 guidance. In a research note to investors, Kurtz says given the strength in the non-compute product lines, which should drive continued upside in FY20, he is raising his FCF multiple for FY21 20x from 18x.
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