UPDATE: UBS Starts EMC (EMC) at Buy; Biggest Shark In The Tank
Tweet
Share
E-mailGet Alerts EMC Hot Sheet
Price: $25.54 +1.39%
Rating Summary:
14 Buy, 25 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Rating Summary:
14 Buy, 25 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Join SI Premium – FREE
(Updated - July 11, 2012 11:08 AM EDT)
UBS initiates coverage on EMC (NYSE: EMC) with a Buy. PT $30.00.
Analyst, Steven Milunovich, said, "EMC is king of the storage ocean and could grow earnings in the teens. Given increasing competition, however, it must keep moving
to win in existing segments and create new ones. We expect the stock eventually to break out on new product strength."
"We model revenue of $22.4bn and EPS of $1.73 in 2012, slightly above company guidance. The Seagate (NYSE: STX) news gives pause, but growth should improve late this year thanks to the recent spate of product introductions and underlying storage growth."
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 $23.56 yesterday.
UBS initiates coverage on EMC (NYSE: EMC) with a Buy. PT $30.00.
Analyst, Steven Milunovich, said, "EMC is king of the storage ocean and could grow earnings in the teens. Given increasing competition, however, it must keep moving
to win in existing segments and create new ones. We expect the stock eventually to break out on new product strength."
"We model revenue of $22.4bn and EPS of $1.73 in 2012, slightly above company guidance. The Seagate (NYSE: STX) news gives pause, but growth should improve late this year thanks to the recent spate of product introductions and underlying storage growth."
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 $23.56 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- Intel to report later this week, but analysts flag weakness in chipmaking unit
- West Fraser Timber Co. Ltd. (WFG) Tops Q1 EPS by 17c
Create E-mail Alert Related Categories
Analyst EPS View, Hot New Coverage, New CoverageRelated Entities
UBS, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
