VMware Upgraded, DSW Downgraded, JMP Hot on Palo Alto Networks

VMware is upgraded to OVERWEIGHT at PiperJaffray, Citi downgrades shoe retailer DSW Inc. and JMP Securities reiterates its rating on Palo Alto Networks and raises its price target.
Author:
Publish date:

VMware (VMW) is upgraded to OVERWEIGHT at PiperJaffray, Citi downgrades shoe retailer DSW Inc. (DSW) and JMP Securities reiterates its rating on Palo Alto Networks (PANW) and raises its price target on the shares. PiperJaffray says it is upgrading its rating on VMware to OVERWEIGHT from NEUTRAL and setting a $110 price target on the stock as adoption rates of VMware's products move to their highest level ever. Citi is downgrading shares of DSW to NEUTRAL from BUY and putting a $26/share target price on the stock on the back of a lack of visibility and slow sandal sales. JMP Securities is raising its price target on shares of Palo Alto Networks to $90 from $80 after its favorable settlement agreement in its lawsuit against Juniper Networks. Ruben Ramirez reports from the NYSE.