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VMware Continues Its Ascent
SAN FRANCISCO -- Investors still itching to get in on VMware(VMW Quote) need little encouragement to drive up the only pure-play virtualization stock.
The stock rocketed 10.9%, or $7.21, to $73.20 midday Wednesday on an analyst's new price target, making for a two-day advance of 28% from Monday's $57.25 close.
Jefferies & Co. analyst Katherine Egbert raised her price target on VMware to $74 from $42, reflecting a bump in her 2008 EPS estimate to $1.05, from 84 cents, citing 49% top-line growth expectations for the next three years. ...
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