Credit Suisse Adds VMware to Focus List

On Wednesday, Credit Suisse added VMware 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.