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UPDATE: Hilliard Lyons Initiates Coverage on VMware with Long-Term Buy Rating, $110 PT

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In a report published Wednesday, Hilliard Lyons initiated coverage on VMware (NYSE: VMW) with a Long-Term Buy rating and $110.00 price target.

Hilliard Lyons noted, “We initiate coverage of VMW with a Long-term Buy investment rating, Suitability rating-3 and $110 price target. High priority, disruptive technology provider, tightly integrated solutions with majority owner EMC; VMware is the leading global provider of virtualization software. VMW has a history of delivering quality virtualization software through vSphere. Future growth is expected through cloud infrastructure and management software and a cloud application platform. VMW has an experienced management team, solid financials and a strong future that is set to achieve similar results in adjacent markets beyond core server virtualization, in our opinion.”

VMware closed on Tuesday at $86.60.

Latest Ratings for VMW

DateFirmActionFromTo
Jan 2017Wells FargoInitiates Coverage OnMarket Perform
Jan 2017UBSDowngradesBuyNeutral
Nov 2016Bank of AmericaDowngradesBuyNeutral

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Posted-In: Hilliard LyonsAnalyst Color Initiation Analyst Ratings

 

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