Oct 30, 2009 (MarketNewsVideo.com via COMTEX News Network) -- This morning, Goldman Sachs downgraded shares of VMWare (VMW) from Buy to Neutral on valuation concerns. The stock has approached the company's $44 price target, making shares less attractive in the short term. Goldman did, however, reiterate its bullish stance on the long term prospect for the company.
In morning trading, shares of VMWare were heading lower, off more than four and a half percent.
Soliel Securities downgraded shares of Monsanto (MON) from Buy to Hold as wheat prices are pressuring the margins of farmers. Monsanto's new high-priced hybrid is not drawing the same attention it would have two years ago as farmers have more risks to consider. As a result, Soleil reduced its 2010 and 2011 EPS estimates and cut its price target to $70 per share.
Shares of Monsanto were falling on the news, off more than three percent today.
And Morgan Stanley downgraded shares of Carefusion from Overweight to Equal Weight on valuation. Shares of Carefusion have gained more than twenty five percent since the spinoff from Cardinal Health, and the firm believes the share price may be getting ahead of the company's performance right now.
Shares of Carefusion were trading lower after the downgrade from Morgan Stanley, down nearly five percent.
The preceeding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=200910Downgrades103009&mv=1.
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