VMW: Evercore Ups to Buy; Both ELAs and Transactions Have Upside
Shares of virtualization software maker VMware (VMW) are down $1,96, or 2.5%, at $77.23 today despite an upgrade from Evercore Partners‘s Matthew Williams, who raised his rating on the stock to Overweight from Equal Weight, opining that the stock has support at $72, based on a multiple of 11 times operating cash flow in 2014, [...]
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