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UPDATE: Jefferies Raises PT to $100 on VMware


Jefferies increases its price target from $94 to $100 on Hold-rated VMware (NYSE: 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.

Posted-In: JefferiesAnalyst Color Price Target Reiteration Intraday Update Analyst Ratings


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