Jefferies Starts VMware (VMW) at Buy
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Price: $76.85 -9.93%
Rating Summary:
11 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
11 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Jefferies initiates coverage on VMware (NYSE: VMW) with a Buy rating and $100 price target.
The firm comments, "We like VMW's strategy of dominating x86 server virtualization and using that to launch into adjacent areas. Ultimately, we think the company is trying to build an entirely new infrastructure software stack for enterprise computing. Tactically we like the stock's fundamentals and also the set-up based on consensus expectations."
For more ratings news on VMware click here and for the rating history of VMware click here.
Shares of VMware closed at $81.55 yesterday.
The firm comments, "We like VMW's strategy of dominating x86 server virtualization and using that to launch into adjacent areas. Ultimately, we think the company is trying to build an entirely new infrastructure software stack for enterprise computing. Tactically we like the stock's fundamentals and also the set-up based on consensus expectations."
For more ratings news on VMware click here and for the rating history of VMware click here.
Shares of VMware closed at $81.55 yesterday.
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