Jefferies analyst John DiFucci raised his price target on VMware Inc.'s stock to $185 from $171 after Dell's announcement that it would go public again via an unconventional route and convert its Class V shares, which currently track Dell's stake in VMware, into Class C shares of common stock. "In short, we do not see any incremental risks to VMW - the business or the common stock - as a result of this simplified holding co. structure, and frankly view it as positive as we believe it significantly reduces the likelihood of a reverse merger with Dell," DiFucci wrote. Raymond James analyst Michael Turits also raised his price target, to $174 from $153, due to the fact that the company is staying independent. VMware shares are down 0.6% in premarket trading but have gained 87% over the past 12 months. The S&P 500 has risen 12% in that time.