Piper Jaffray Upgrades VMware To Neutral

Piper Jaffray upgraded VMware, Inc. VMW from Underweight to Neutral. VMware shares have dropped 17.32% over the past 52 weeks, while the S&P 500 index has surged 10.34% in the same period. VMware's shares dropped 1.62% to close at $85.19 on Friday.