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Financial: VMware research calls

This morning, several brokerages put out research calls on VMware (VMW), the immensely popular EMC (EMC) spin-out.

UBS started the company as a "buy". Bank of America started VMW at "neutral" with a &75 price target.

Wachovia began VMW as "market perform". Citi started the company as a "buy" with a $100 price target. Deutsche Bank started it as "hold". Credit Suisse began coverage with "neutral" and an $85 price target.

Merrill started the company as "neutral." JP Morgan opened coverage with an "overweight": rating.

VMW currently trades just below $80, and is up about 55% since its IPO.


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