Analysts Just Turned Bearish on These 5 Stocks

2. VMware, Inc. (NYSE:VMW)

Number of Hedge Fund Holders: 52

Raymond James downgraded VMware, Inc. (NYSE:VMW) from “Outperform” to “Market Perform” on Wednesday, July 6, 2022, citing Broadcom’s $61 billion acquisition offer for the company. Raymond James analyst Simon Leopold said that VMware, Inc. (NYSE:VMW) didn’t receive any competing offer during the go-shop period, which expired recently.

Broadcom first disclosed its offer to buy VMware, Inc. (NYSE:VMW) on May 26. The offer included a 40-day period in which potential buyers could place a competing bid on VMware, Inc. (NYSE:VMW). However, the 40-day go-shop period recently came to an end without any alternate buyout proposal.