Benzinga's Top Downgrades

Analysts at Needham downgraded VMware, Inc. (NYSE: VMW) from Buy to Hold and removed the price target of $110.00. VMware's shares closed at $75.06 yesterday.

Analysts at Atlantic Equities downgraded Microsoft Corporation (NASDAQ: MSFT) from Neutral to Underweight. The price target for Microsoft has been lowered from $45.00 to $40.00. Microsoft's shares closed at $41.19 yesterday.

Compass Point downgraded Union Bankshares Corporation (NASDAQ: UBSH) from Buy to Neutral. The price target for Union Bankshares has been lowered from $29.00 to $24.00. Union Bankshares' shares closed at $21.73 yesterday.

Analysts at Bank of America downgraded RE/MAX Holdings, Inc. (NYSE: RMAX) from Buy to Neutral. RE/MAX Holdings' shares closed at $35.24 yesterday.