This morning, several brokerages put out research calls on VMware (VMW), the immensely popular EMC (EMC) spin-out.
UBS started the company as a "buy". Bank of America started VMW at "neutral" with a &75 price target.
Wachovia began VMW as "market perform". Citi started the company as a "buy" with a $100 price target. Deutsche Bank started it as "hold". Credit Suisse began coverage with "neutral" and an $85 price target.
Merrill started the company as "neutral." JP Morgan opened coverage with an "overweight": rating.
VMW currently trades just below $80, and is up about 55% since its IPO.
The ratings are a sign that most Wall St. firms think that VMware’s price has hit its peak, and, perhaps, that it has run too far too fast. It may take another quarter or two or results to demonstrate that the shares deserve to go any higher.
Here was what we noted as the quiet period was ending.
Douglas A. McIntyre
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
