VMware (VMW +2%) trades higher after Oppenheimer ups the shares to Outperform on valuation and...

|By:, SA News Editor

VMware (VMW +2%) trades higher after Oppenheimer ups the shares to Outperform on valuation and resets its price target to $100 per share. The firm says the company is focused on high-growth markets with a clear market leadership position in virtualization, strong cash flow and solid fundamentals.