Calyon Securities Starts Coverage on IT Hardware and Data Storage Stocks (HPQ, AAPL, DELL, More)

September 4, 2008 10:18 AM EDT

Calyon Securities initiates the IT Hardware and Data Storage Stocks

Buy Rated:
Hewlett-Packard (NYSE: HPQ) Buy; $60 price target.

Add Rated:
Apple (Nasdaq: AAPL) Add; $190 price target
EMC (NYSE: EMC) Add; $17 price target
Network Appliance (Nasdaq: NTAP) Add; $28 target
Seagate Tech (NYSE: STX) Add; $17 target
Western Digital (NYSE: WDC) Addl $30 target
Xyratex (Nasdaq: XRTX) Add; $17 target

Neutral Rated:
Brocade (Nasdaq: BRCD) Neutral; $8 target
Data Domain (Nasdaq: DDUP) Neutral; $24 target
Dell (Nasdaq: DELL) Neutral; $23 target
Emulex (NYSE: ELX) Neutral; $13 target
QLogic (Nasdaq: QLGC) Neutral; $19 target
Sun Microsystems (Nasdaq: JAVA) Neutral; $9 target


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New Coverage

Stocks Mentioned

AAPL 92.47

+3.54 +3.98%
Volume: 41,019,549
Track AAPL

BRCD 3.27

+0.13 +4.14%
Volume: 4,028,279
Track BRCD

DDUP 16.25

+0.65 +4.17%
Volume: 959,313
Track DDUP

DELL 10.52

+0.47 +4.68%
Volume: 24,987,828
Track DELL

ELX 6.62

+0.39 +6.26%
Volume: 950,300
Track ELX

EMC 10.40

+0.27 +2.67%
Volume: 33,002,047
Track EMC

HPQ 34.27

+0.83 +2.48%
Volume: 21,657,446
Track HPQ

JAVA 3.25

+0.42 +14.84%
Volume: 12,350,785
Track JAVA

NTAP 12.78

+0.57 +4.67%
Volume: 8,061,657
Track NTAP

QLGC 10.51

+0.31 +3.04%
Volume: 2,405,716
Track QLGC

STX 4.31

+0.46 +11.95%
Volume: 14,028,246
Track STX

WDC 11.96

+1.18 +10.95%
Volume: 3,947,781
Track WDC

XRTX 2.53

-0.21 -7.66%
Volume: 227,235
Track XRTX


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