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Fly News Breaks for February 28, 2020
VMW
Feb 28, 2020 | 09:35 EDT
RBC Capital analyst Matthew Hedberg lowered the firm's price target on VMware to $183 from $200 but keeps an Outperform rating on the shares. The analyst says the company's Q4 results were "mixed" with greater than expected subscription mix in larger deals pitted against "subpar execution" in its sales pipeline at quarter end. Hedberg remains positive on VMWare's prospects however given the contributions from Carbon Black and Pivotal integrations.
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