Fly News Breaks for March 5, 2015
VMW, EMC
Mar 5, 2015 | 07:20 EDT
UBS does not believe EMC (EMC) will address spinning off VMware (VMW) at its Strategic Forum on March 10. The firm believes the company is looking to show it's activist investor, Elliott Management, that there are synergies between the two companies, such as with cloud, stack, and customer relationships. UBS maintained its Buy rating and $31 price target on EMC shares.
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