Cantor Fitzgerald Upgrades EMC (EMC) to Buy; Predictable, High Quality Recurring Revenue
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Price: $24.99 +0.64%
Rating Summary:
34 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
34 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade EMC Now!
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.
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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
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