Fly News Breaks for December 31, 2019
Dec 31, 2019 | 07:24 EDT
Mizuho analyst Gregg Moskowitz keeps his Neutral rating at $157 price target on VMware (VMW) after the company completed its acquisition for Pivotal Software (PVTL) as of yesterday. The analyst notes that while Pivotal offers greater exposure to containers and the developer community, he does not see the deal as "particularly compelling" given its "baggage" and the possibility that the overall compute business could "meaningfully decelerate" in the medium term. Moskowitz adds that he sees VMware shares as "fairly valued".
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