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

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.

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