VMware, Inc. (VMW) PT $86 On Slowing Growth: Cantor

VMware, Inc. (NYSE:VMW) shareholders have had a poor year in 2013. Shares have fallen by more than 5% while wider indices surged since January 1. Cantor Fitzgerald initiated coverage on the information technology company yesterday and rated the stock a Hold with a price target of $86. Shares in the company opened at $88.74 this morning.

Brian White, the analyst who authored the Cantor Fitzgerald report, said that though the company has a great track record of growth in both revenue and earnings, growth is likely to slow in the future. The slowing growth has resulted in a change in the company's vision for...