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VMware stock downgraded on Dell-EMC concerns

VMware Inc. VMW, -8.11% was downgraded to market perform from market outperform at JMP Securities on Tuesday after the company's pre-announcement of third-quarter results showed a decline in billings. Analyst Patrick Walravens cited competitive pressure from Amazon Web Services AMZN, +1.92% for the downgrade, pointing to General Electric's GE, +0.07% comments last...