Susquehanna Starts EMC (EMC) at Neutral

Susquehanna initiates coverage on EMC (NYSE: EMC) with a Neutral rating and a price target of $26.00.

Analyst Mehdi Hosseini commented, "We are initiating coverage of EMC with a Neutral Rating and $26 PT. EMC remains the market leader in enterprise storage and server virtualization, and while valuation is intriguing at current levels, it remains to be seen if its Emerging Storage strategy is enough to outweigh secular declines in its traditional offerings."

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 $23.67 yesterday.

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