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VMware (VMW) Stock Dips Lower, Slapped With Downgrade

NEW YORK (TheStreet) -- VMware (VMW - Get Report) shares are plunging 4.3% to $69.16 on Tuesday after analysts at JMP Securities downgraded the cloud computing company to "market perform" from "market outperform."

The firm is bearish following the announcement yesterday that Dell, along with MSD Partners and Silver Lake will buy the data storage company EMC (EMC) for about $67 billion.

EMC-owned VMware will remain a publicly-traded company.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks with serious upside potential in the next 12-months. Learn more.

Analysts pointed out that "the focus of that merger does not seem to be on maximizing the value of VMware shares."

Additionally, VMware is seeing some competition from Amazon.com's (AMZN) Amazon Web Services, according to the firm's note.

Based in Palo Alto, CA, VMware provides virtualization infrastructure solutions in the U.S. and internationally.

Separately, TheStreet Ratings team rates KINDER MORGAN INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

We rate KINDER MORGAN...


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