In Thursday’s Analysts’ Actions, analysts are out with negative comments on Kinder Morgan (KMI) and VMware (VMW) while eBay (EBAY) gets its price target boosted. Kinder Morgan got its ratings cut at Credit Suisse. The firm reduced its rating to NEUTRAL from OUTPERFORM and dropped its price target to $39 from $52. Analysts cited the declining commodity prices and increasing capital cost. Overall, analysts said investors shouldn’t be too surprised by this reduction. In another note, Oppenheimer downgraded VMware to PERFORM from OUTPERFORM and got rid of its $78 price target. Analysts cited the company’s poor fourth quarter 2015 and 2016 outlook. Adding to that, its core vSphere virtualization engine is facing some competition. Looking ahead, analysts said shares could remain volatile. In another note, analysts are out with some upbeat comments on eBay. Jefferies lifted its price target to $28 from $27 and maintained its HOLD rating. Here’s why: eBay had a good third quarter and it continues to be a ‘key eCommerce player’ after separating with PayPal (PYPL). But, there still needs to be more work done. TheStreet’s U-Jin reports in New York.
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