Drexel Hamilton Starts VMware (VMW) at Hold

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Cowen Cuts Price Target on VMware (VMW) Following Dell's Announced Acquisition of EMC

October 12, 2015 3:56 PM EDT

Cowen reiterated an Outperform rating on VMware (NYSE: VMW), and cut the price target to $87.00 (from $90.00), following Dell's announced acquisition of EMC. As part of the deal, Dell will pay EMC shareholders with VMW "tracking stock", or stock that will follow the 19% of... More