Goldman Sachs Downgrades VMware (VMW), Removes From Buy List

June 19, 2009 7:09 AM EDT

Goldman Sachs removed VMware, Inc. (NYSE: VMW) from its Conviction Buy List and downgraded the stock from Buy to Neutral. The firm's price target was raised from $29 to $31.

Since adding the stock to the Conviction Buy List, shares are up 27%.


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