Jefferies Maintains a 'Hold' on VMware (VMW); Cuts Price Target After Mixed Channel Checks

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Jefferies maintains a 'Hold' on VMware (NYSE: VMW) price target of $100.00 (from $114.00).

Analyst, Ross MacMillan, said, "Our most recent channel survey had mixed results for VMW, with license growth consistent in 2Q12 v 1Q12, but expectations for CY12 growth moving lower. VMW is the leader in server virtualization, but there is evidence that mixed vendor environments are becoming more common and signs that Microsoft (Nasdaq: MSFT) is taking share."

For an analyst ratings summary and ratings history on VMware click here. For more ratings news on VMware click here.

Shares of VMware closed at $91.04 yesterday, with a 52 week range of $74.69-$118.79.

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