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MKM Partners Raises Price Target on VMware (VMW) Following Strong 2Q Results
July 19, 2016 11:09 AM EDTMKM Partners reiterated a Buy rating on VMware (NYSE: VMW), and raised the price target to $80.00 (from $70.00), following the company's 2Q earnings report. License revenue of $644mn beat the consensus estimate of $638mn. Total revenue also came out ahead at $1,693mn vs. $1,680mn. With higher confidence, VMW raised its guidance for 2016 for total revs, license revs,... More
Drexel Hamilton Raises Price Target on VMware (VMW) to $85; Reiterates Buy
July 19, 2016 10:22 AM EDTDrexel Hamilton reiterated a Buy rating on VMware (NYSE: VMW), and raised the price target to $85.00 (from $77.00), following the company's 2Q earnings report. VMware reported sales of $1.69 billion that beat the Street at $1.68 billion, while pro forma EPS of $0.97 was also higher than the Street's... More
