Topeka Capital Maintains a 'Buy' on EMC (EMC); Product Portfolio Never Been Stronger Heading Into Earnings
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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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Topeka Capital maintains a 'Buy' on EMC (NYSE: EMC) price target of $38.00.
Analyst, Brian J. White, said, "EMC is scheduled to report its 1Q12 results before the market open on Thursday and we continue to believe our estimates have the potential to move higher. Given an attractive valuation and our expectations for continued strength in the storage market for EMC, we remain buyers of EMC at current levels."
"In our view, EMC's product portfolio has never been stronger and we believe the company's share momentum can continue, while we expect EMC's 80% ownership in VMware (NYSE: VMW)(Buy) to remain a positive tailwind over the next few years. If we carve out the EPS contribution from VMware and use the current P/E of the stock, we estimate EMC's core business is trading at nearly 9x."
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 $29.33 yesterday.
Analyst, Brian J. White, said, "EMC is scheduled to report its 1Q12 results before the market open on Thursday and we continue to believe our estimates have the potential to move higher. Given an attractive valuation and our expectations for continued strength in the storage market for EMC, we remain buyers of EMC at current levels."
"In our view, EMC's product portfolio has never been stronger and we believe the company's share momentum can continue, while we expect EMC's 80% ownership in VMware (NYSE: VMW)(Buy) to remain a positive tailwind over the next few years. If we carve out the EPS contribution from VMware and use the current P/E of the stock, we estimate EMC's core business is trading at nearly 9x."
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 $29.33 yesterday.
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