UPDATE: Jefferies Raises PT to $100 on VMware

Jefferies increases its price target from $94 to $100 on Hold-rated VMware VMW as mixed channel checks do not deter from investment thesis. Jefferies comments, "Our recent virtualization survey ontains mixed results for VMW, with a slight deceleration in license growth in 1Q12 v 4Q11 (arguably accounted for in conservative guidance); improved CY12 growth expectations; and the sign that mixed hypervisor environments are becoming more common and that MSFT is becoming a more meaningful competitive threat. We raise our PT slightly and maintain our Hold." VMW closed at $110.37 on Tuesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Analyst ColorPrice TargetReiterationIntraday UpdateAnalyst RatingsJefferies
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!