RBC steps to Pivotal sidelines

|About: Pivotal Software, Inc. (PVTL)|By:, SA News Editor

RBC downgrades Pivotal Software (NYSE:PVTL) from Outperform to Sector Perform.

Target set at $15, which matches VMware's acquisition offer in cash to regular shareholders.

Related: Earlier today, VMW commenced its tender offer for Carbon Black. The acquisitions of CBLK and PVTL were announced at the same time.

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