Susquehanna Cuts VMware (VMW) to Neutral, Reduces Target to $90

Article Stock Quotes (1) Comments (0)

Susquehanna downgraded VMware (NYSE: VMW) from Positive to Neutral Tuesday morning as rumors have been aplenty over the last two or three trading sessions. The firm's price target was lowered from $135 to $90.

On Monday, investors responded to rumors of a potential spin-out of some of its cloud assets. Then this morning, we heard the company's CEO could soon be departing.

Shares of VMware are down 4.2 percent to $80.86 at last check following a 2.3 percent rise on Thursday of last week and another 2 percent move higher on Friday.

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

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: MKM Partners Downgrades Alkermes (ALKS) to Sell
• UPDATE: Exane BNP Paribas Downgrades BlackBerry (BBRY) to Underperform; Analyst Says Profit 'Drying Up'
• VMware and SAP Collaborate to Deliver SAP(R) Solutions as a Service on VMware Cloud Infrastructure

Create E-mail Alert Related Categories

Downgrades

Related Entities

Susquehanna International Group of Companies

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?