Deutsche Bank Reiterates Buy Rating, $135 PT on VMware

Deutsche Bank is reiterating its Buy rating and $135 PT on shares of VMware VMW. “VMware is hosting a webcast event titled ‘Cloud Infrastructure takes a major step forward; Raising the bar Part V' today at 9 AM Pacific Time,” Deutsche Bank writes. “Although there is no official word from VMware on what the announcement will be, our educated guess is that ‘Part V' in the title of the event suggests that it would be the release of vSphere 5. Features and enhancements expected to be included in the new release will improve VMW's competitive advantage and expand its opportunity. We also expect licensing and pricing changes.” VMware closed Monday at $102.13.