Barclays Reiterates an 'Overweight' on EMC (EMC) After Attending EMC World in Las Vegas
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Price: $37.66 +1.65%
Rating Summary:
13 Buy, 25 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 20
Rating Summary:
13 Buy, 25 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 20
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Barclays reiterates an 'Overweight' on EMC (NYSE: EMC) price target of $36.00.
Analyst, Ben A. Reitzes, said, "In short, we believe the strength of new product cycles in 2012 (VMAX, Data Domain and Isilon) can still help EMC deliver revenue upside in 2H12. As a result, EMC's 2012 guidance could still be conservative, even with the current economic backdrop and any potential pauses around product transitions in 2Q12."
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 $25.75 yesterday.
Analyst, Ben A. Reitzes, said, "In short, we believe the strength of new product cycles in 2012 (VMAX, Data Domain and Isilon) can still help EMC deliver revenue upside in 2H12. As a result, EMC's 2012 guidance could still be conservative, even with the current economic backdrop and any potential pauses around product transitions in 2Q12."
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 $25.75 yesterday.
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