UPDATE: Deutsche Bank Reinstates VMware at Buy

Deutsche Bank is out with its report today on VMware VMW, reinstating VMW at Buy. In a note to clients, Deutsche Bank writes, "Server virtualization continues to be a top priority for CIO's driving the penetration of virtual workloads in the enterprise and VMware remains the market leader. We are reinstating our rating on VMware at Buy and our PT at $125. We believe that VMware's technology leadership will continue to drive its market leadership and growth and current consensus estimates are conservative." At the time of posting, shares of VMW were trading at $95.75, up 0.80% from Friday's close.