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DVMT

Dell Technologies

$84.59

-0.66 (-0.77%)

, VMW

VMware

$146.97

0.78 (0.53%)

16:30
07/01/18
07/01
16:30
07/01/18
16:30

Deal close to deal to swap out DVMT tracking shares, WSJ reports

Dell (DVMT) is near a deal to combine shares that track its VMware (VMW) virtualization-software unit in an effort that would result in a public listing for the personal computer and data storage company, according to The Wall Street Journal. Reference Link

DVMT

Dell Technologies

$84.59

-0.66 (-0.77%)

VMW

VMware

$146.97

0.78 (0.53%)

  • 12

    Jul

  • 08

    Aug

DVMT Dell Technologies
$84.59

-0.66 (-0.77%)

03/02/18
03/02/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Walmart (WMT) downgraded to Perform from Outperform at Oppenheimer by analysts Rupesh Parikh and Brian Nagel, who said that while they remain "upbeat" on the retailer's strategic direction, they no longer see the case for Walmart outperformance and are "increasingly concerned" that the valuation at which shares trade could prove capped. 2. VMware (VMW) downgraded to Hold from Buy at Stifel by analyst Brad Reback, who sees "too much uncertainty" as parent Dell Technologies (DVMT) evaluates "potential business opportunities." He believes, however, that VMware continues to execute well following its "strong" Q4 results. 3. Ruth's Hospitality (RUTH) downgraded to Hold from Buy at Deutsche Bank by analyst Brett Levy, who said the company's progress and upside are largely priced in given the company's premium multiple, Levy tells investors in a research note. The analyst this morning also upgraded both Bloomin' Brands (BLMN) and Del Frisco's (DFRG) to Buy. 4. Opko Health (OPK) downgraded to Underweight from Neutral at JPMorgan by analyst Eric Joseph, who believes the company's Q4 miss raises "significant doubts" for the core diagnostics/ BRL business. He believes the stock will continue to see pressure going forward. 5. Pure Storage (PSTG) downgraded to Neutral from Positive at Susquehanna by analyst Mehdi Hosseini, who cited the lack of visibility, particularly around FlashBlade, to raise estimates from current levels, which would be necessary for the next leg of appreciation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/02/18
HDLY
03/02/18
DOWNGRADE
Target $150
HDLY
Neutral
VMware downgraded to Neutral on Dell overhang at Hilliard Lyons
Hilliard Lyons analyst Stephen Turner downgraded VMware (VMW) to Neutral while raising his price target for the shares to $150 from $145. The analyst views the company's Q4 results as "strong," but believes the potential of a reverse merger with Dell will hang over the stock.
03/26/18
DBAB
03/26/18
NO CHANGE
DBAB
Deutsche views Pivotal filing as 'modest positive' for Dell Technologies, VMware
Deutsche Bank analyst Karl Keirstead believes Friday's initial public offering filing by Pivotal Software is a "modest positive" for shareholders of Dell Technologies (DVMT) and VMware (VMW). The filing reduces, but does not eliminate, the likelihood that Dell pursues actions "more punitive" to VMware and Dell Technologies holders, namely a reverse merger with VMware, Keirstead tells investors in a research note.
06/05/18
DBAB
06/05/18
NO CHANGE
Target $120
DBAB
Buy
Dell Technologies price target raised to $120 from $114 at Deutsche Bank
Deutsche Bank analyst Karl Keirstead raised his price target for Dell Technologies to $120 saying the company's yesterday posted "another solid print" that showed signs of improvement, not deterioration. The results "further undermine the lingering narrative that Dell is so troubled that it must find a way to access VMware's cash," Keirstead tells investors in a research note. He keeps a Buy rating on Dell Technologies.
VMW VMware
$146.97

0.78 (0.53%)

06/01/18
RBCM
06/01/18
NO CHANGE
Target $160
RBCM
Outperform
VMware price target raised to $160 from $150 at RBC Capital
RBC Capital analyst Matthew Hedberg raised his price target for VMware to $160 from $150 and maintained an Outperform rating on shares after the company delivered a "strong" start to the year, highlighted by license billings and license revenue, which both grew 21% year over year. In a research note to investors, Hedberg said he believes VMware is well positioned for growth in non-vSphere including NSX, vSAN, VxRail and End User Computing, which he says are all "moving the needle." He also sees the potential for $1B in revenue synergies through Dell, and that while some investors may shy away from VMware given the Dell ownership, he thinks that it "remains in Dell's best interest to let this disruptive and well positioned asset thrive."
06/01/18
MSCO
06/01/18
NO CHANGE
Target $150
MSCO
Overweight
VMware price target raised to $150 from $143 at Morgan Stanley
Morgan Stanley analyst Keith Weiss said VMware's acceleration in license billings growth in Q1 "clearly shows" the company's fundamental performance hasn't been impacted by Dell's strategic review, though he recognizes the Dell risk may remain an impediment to fundamentals being fully reflected in VMware shares. Weiss raised his price target on VMware shares to $150 following what he called the "solid start" to FY19, but noted that absent the Dell overhang he believes the stock could trade closer to $170 if it was assigned a multiple more in-line with the group average.
06/01/18
FBCO
06/01/18
NO CHANGE
Target $160
FBCO
Outperform
VMware price target raised to $160 from $155 at Credit Suisse
Credit Suisse analyst Brad Zelnick raised his price target for VMware to $160 from $155 and reiterated an Outperform rating on the shares following the company's "exceptional" Q1 results. While the company did not provide an update on Dell's 13D filing, Zelnick said VMware remains one of the few software stocks trading at a deep discount to intrinsic value.

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XLP

Consumer Staples Sector SPDR

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IWM

iShares Trust Russell 2000 Index Fund

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RILY

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, FBIO

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