UPDATE: Evercore Partners Downgrades VMware (VMW) to Equal Weight

July 12, 2013 7:44 AM EDT
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Price: $81.49 -0.63%

Rating Summary:
    23 Buy, 30 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 10
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(Updated - July 12, 2013 8:38 AM EDT)

Evercore Partners downgraded VMware (NYSE: VMW) from Overweight to Equal Weight with a price target of $75.00 (from $85.00). Analyst Kirk Materne thinks VMware will be a 'show me' story, as concerns about core growth linger. He also thinks VMware's competitive position against Amazon Web Service, Microsoft Azure and OpenStack in public cloud remains uncertain long-term.

For an analyst ratings summary and ratings history on VMware (NYSE: VMW) click here. For more ratings news on VMware click here.

Shares of VMware closed at $71.28 yesterday.

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