Wells Fargo Resumes EMC (EMC) at Outperform

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Wells Fargo resumed coverage on EMC (NYSE: EMC) with an Outperform rating and a $29-$30 valuation range.

The firm believes "EMC will benefit from having built a strong portfolio of assets in key areas of future industry growth including primary data storage, scale-out storage, virtualization, data analytics, cloud computing, security, flash storage, and backup and recovery, and should benefit from recent product refreshes, as well as continue share gains."

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

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