| 2018-05-15 07:26:57|
PVTL 07:26 05/15 05/15/18
Pivotal Software initiated with a Sector Perform at RBC Capital
RBC Capital analyst Matthew Hedberg initiated Pivotal Software with a Sector Perform rating and a price target of $21. The analyst says the company's goal to optimize the cloud-native software development for organizations with its Pivotal Cloud Foundry platform may lead to growth and higher margins. However, the analyst is also looking for a "more attractive entry or faster mix-shift to software".