UBS raised the firm’s price target on VMware to $182 from $180 but keeps a Neutral rating on the shares after its Q2 earnings beat. The company’s growth rate has fallen short, but its operating expense controls are “strong”, the analyst tells investors in a research note.
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Read More on VMW:
- Broadcom price target raised to $1,000 from $940 at KeyBanc
- Nutanix price target raised to $44 from $33 at Needham
- VMware price target raised to $165 from $158 at Mizuho
- VMware reports Q2 adjusted EPS $1.83, consensus $1.71
- VMware options imply 2.4% move in share price post-earnings
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