VMware upgraded to Buy from Neutral at Citigroup Citigroup upgraded VMware citing potential upside to estimates and medium-term growth from new products. The firm raised its price target for shares to $120 from $87.
VMware upgraded to Buy from Neutral at Nomura Nomura upgraded VMware to Buy with a $95 price target following favorable survey results. The firm's Q1 survey came in slightly ahead of plan and believes the Street is too cautious on shares, which could serve as a positive catalyst for shares. Separately, Nomura said the upcoming end of Windows Server 2003 in July could be an incremental catalyst as replacement servers will likely be virtualized.