Market Overview

UPDATE: Sterne Agee Downgrades Vmware to Neutral on Lack of Near Term Catalysts

Share:
Related VMW
Chowdhry: Amazon And Microsoft Make Palo Alto 'Irrelevant'
Benzinga's Top Downgrades
Watchlist Wednesday: Contrarian Approach (GuruFocus)

Sterne Agee downgraded Vmware (NYSE: VMW) from Buy to Neutral and announceed an $86.00 price target.

Sterne Agee commented, "VMW continues to see positive growth with vCloud bookings but broader macro challenges, tough comps and saturation of the core vSphere opportunity are impacting the top line for at least the next 6 months. We see increased near-term volatility as investors look to further reassess the long-term growth profile of license revenue."

Vmware closed at $98.32 on Monday.

Latest Ratings for VMW

DateFirmActionFromTo
May 2016Cowen & CompanyDowngradesOutperformMarket Perform
Apr 2016Drexel HamiltonMaintainsBuy
Jan 2016FBR CapitalMaintainsMarket Perform

View More Analyst Ratings for VMW
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Downgrades Analyst Ratings

 

Related Articles (VMW)

View Comments and Join the Discussion!