to an end and that it was poised for a strong recovery. However, with the impending acquisition by Broadcom, White believes that the stock’s upside potential may be limited in the near term.
The acquisition deal between VMware and Broadcom has been in progress for quite some time and is now entering its final stages. As a result, Brian White, an analyst at Monness, Crespi, Hardt, has downgraded VMware from a Buy to a Neutral rating. This decision comes as the consensus among three…