Dell to use VMware to help pay for EMC deal: sources
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Cowen Cuts Price Target on VMware (VMW) Following Dell's Announced Acquisition of EMC
October 12, 2015 3:56 PM EDTCowen 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
Jefferies Downgrades EMC (EMC) to Hold; Sees Limited Upside
October 12, 2015 6:49 AM EDTJefferies downgraded EMC (NYSE: EMC) from Buy to Hold with a price target of $29.00 amid reports of a takeover by Dell. The analyst is concerned about the size of the debt raise.
Analyst James Kisner commented, "Our Dell/EMC model suggests... More
FBR Sees EMC/Dell Deal Happening Around $33/Share (EMC) (VMW)
October 12, 2015 6:35 AM EDTFBR is out with commentary on EMC (NYSE: EMC) amid recent speculation that Dell might move to acquire the company.
Analyst Daniel H. Ives commented, While the initial price talk of $28$30 per EMC share was met with massive frustration and angst among EMC investors, it appears a more enticing deal close to $33 is now on the table and would be met with "much better" reception from the Street, in our opinion. It also appears a tracking stock of... More
