Cantor Fitzgerald Upgrades EMC (EMC) to Buy; Predictable, High Quality Recurring Revenue

Article Stock Quotes (1) Comments (0)

Cantor Fitzgerald upgraded EMC (NYSE: EMC) from Hold to Buy with a price target of $30.00 (from $31.00).

Analyst, Paul Mansky, said, "With a high percentage recurring revenue, a broad product refresh, and aggressive channel expansion, EMC carries the highest quality and most predictable earnings in our group, in our view. Although the pace of margin expansion moderates near-term (disk drive inventory replacement), we view this as immaterial to the longer-term expansion trends."

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 $24.64 yesterday, with a 52 week range of $19.84-$30.00.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Hewlett-Packard (HPQ) Q2 Performance Wins Praise on Wall Street; Jefferies Raises to Hold
• salesforce.com, Inc. (CRM) Reports In-Line Q1 EPS; Issues In-Line Q2, FY14 Outlook
• Deutsche Bank Adjusts Dean Foods (DF) Price Target to $13

Create E-mail Alert Related Categories

Analyst PT Change, Upgrades

Related Entities

Cantor Fitzgerald, Earnings

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?