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VMware (VMW) Target, Estimates Lifted at BMO Capital

March 21, 2014 6:33 AM EDT

BMO Capital analyst Keith Bachman reiterated a Market Perform rating on VMware (NYSE: VMW) and raised his price target from $107 to $124. The firm also raised estimates.

Bachman comments, "We are raising our 2014 and 2015 estimates, driven by 1) the inclusion of the AirWatch acquisition, 2) the... More