Credit Suisse Adds VMware to Focus List
On Wednesday, Credit Suisse added VMware (NYSE: VMW) to the U.S. focus list and maintained an Outperform rating and $130 price target.
The firm believes VMware “maintains a dominant competitive position in the server hypervisor market that [is] highly defensible.”
“Hypervisor is squarely positioned at the critical intersection of several inter-dependent domains: virtual machines, virtual networks, the physical network, and storage access,” said Credit Suisse.
Shares of VMware are up 3.1 percent to $107. Credit Suisse's $130 price target is 21 percent above current levels.
Latest Ratings for VMW
|Dec 2014||Piper Jaffray||Assumes||Underweight|
|Nov 2014||Jefferies||Initiates Coverage on||Buy|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.