EMC Could Shares Could Reach $38 Following a VMware Spinoff, According to Credit Suisse Analyst, Reports Barrons
The price of EMC (NYSE: EMC) stock could reach as high as $38.00/share, following a spin-off of the company's 80% stake in VMware (NYSE: VMW), according to Credit Suisse analyst Kulbinder Garcha, reports Barron's. The price depends upon the amount of an EMC share buyback, according to Garcha.
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