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Deutsche's Nandan Amladi is a busy man this morning. In addition to downgrading VMware to Hold,...

Deutsche's Nandan Amladi is a busy man this morning. In addition to downgrading VMware to Hold, he's cutting Microsoft (MSFT -1.1%), Intuit (INTU -1%), and RealPage (RP -1.3%) to Hold, and upgrading Informatica (INFA +1.4%) to Buy. Regarding Microsoft, Amladi thinks "the risk/reward is neutral" at a valuation of 8x calendar 2014E EPS (exc. cash).
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