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Some people walk past the VMware company stand as facilities for the Mobile World Congress in Barcelona are set up on Feb. 20, 2016. Lluis Gene/AFP via Getty Images
Raymond James analyst Simon Leopold downgraded VMware, Inc. VMW from Outperform to Market Perform.
The re-rating reflects the expiry of the “Go Shop” period with no other bidders. He expects Broadcom Inc. AVGO deal to win approval but will take about a year to close.
