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Credit Suisse Adds VMware to Focus List

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On Wednesday, Credit Suisse added VMware (NYSE: VMW) to the U.S. focus list and maintained an Outperform rating and $130 price target.

The firm believes VMware “maintains a dominant competitive position in the server hypervisor market that [is] highly defensible.”

“Hypervisor is squarely positioned at the critical intersection of several inter-dependent domains: virtual machines, virtual networks, the physical network, and storage access,” said Credit Suisse.

Shares of VMware are up 3.1 percent to $107. Credit Suisse's $130 price target is 21 percent above current levels.

Latest Ratings for VMW

DateFirmActionFromTo
Apr 2017BTIG ResearchInitiates Coverage OnNeutral
Apr 2017BerenbergInitiates Coverage OnHold
Jan 2017Wells FargoInitiates Coverage OnMarket Perform

View More Analyst Ratings for VMW
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