UPDATE: UBS Starts EMC (EMC) at Buy; Biggest Shark In The Tank
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Price: $23.65 -0.04%
Rating Summary:
32 Buy, 7 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
32 Buy, 7 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade EMC Now!
(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, with a 52 week range of $19.84-$30.00.
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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, 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
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