An In-Line Qtr May Be Good Enough for EMC (EMC) - BMO Capital

April 16, 2013 11:18 AM EDT
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Price: $29.05 --0%

Rating Summary:
    25 Buy, 26 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 22 | Down: 16 | New: 13
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BMO Capital analyst Keith Bachman commented on EMC (NYSE: EMC) and VMware (NYSE: VMW) heading into earnings next week.

The sees EMC reporting in-line results and maintaining its 2013 EPS guidance of $1.85.

This may be good enough, the analyst said.

"We think that investors have embedded pronounced negative sentiment in storage stocks, such as EMC. Therefore, we believe that, by both EMC and VMW hitting numbers this year, EMC's stock will move higher."

The analyst maintained an Outperform rating and price target of $35 on EMC and a Market Perform rating and price target of $85 on VMW.

EMC reports results on 04/24, before the market open. VMW reports on 4/23, after the market close.

For an analyst ratings summary and ratings history on EMC click here. For more ratings news on EMC click here.

Shares of EMC closed at $22.78 yesterday.

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