Oppenheimer Raises Target on EMC (EMC), Says VFCache a Good First Step
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Price: $37.05 -0.16%
Rating Summary:
13 Buy, 25 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
13 Buy, 25 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Oppenheimer boosted its price target on Outperform-rated EMC (NYSE: EMC) from $27 to $28 and commented on recently introduced VFCache, formerly known as Project Lightning.
The analyst comments, "Overall, we believe VFCache helps EMC address the
needs of some of its high-performance customers and serves as an entry point into
a fast-growing segment. However, it's clear the solution would need to continue to
evolve to better address competitive risks. In sum, a first step but more is needed."
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 $26.26 yesterday.
The analyst comments, "Overall, we believe VFCache helps EMC address the
needs of some of its high-performance customers and serves as an entry point into
a fast-growing segment. However, it's clear the solution would need to continue to
evolve to better address competitive risks. In sum, a first step but more is needed."
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 $26.26 yesterday.
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