RBC Capital analyst Matthew Hedberg lowered his price target on VMware (VMW) to $190, saying its Q2 results were "good" though the below-consensus outlook was impacted by some mix-shift due to "increasing strength in hybrid cloud/SaaS". The analyst is keeping his Outperform rating on the shares however, stating that more importantly, the company's FY20 guidance was unchanged. Hedberg also believes that VMware's acquisitions of Pivotal Software (PVTL) and Carbon Black (CBLK) will bring "application modernization and endpoint security" to its platform.