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Fly News Breaks for November 27, 2019
VMW
Nov 27, 2019 | 07:45 EDT
RBC Capital analyst Matthew Hedberg raised his price target on VMware to $200 and kept his Outperform rating after its Q3 earnings beat and raised FY20 guidance, noting that the management appears to be "more optimistic" about the company's FY21 outlook with low-double-digit revenue growth forecast. The analyst maintains his view that VMware is "well positioned" to invest in the hybrid-cloud offerings, also citing the company's strong results globally, including in China.
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