BMO Capital Maintains an 'Outperform' on EMC (EMC); Positive After EMC World 2012
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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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BMO Capital maintains an 'Outperform' on EMC (NYSE: EMC) price target of $31.00.
Analyst, Keith Bachman, said, "After having spent two days at EMC's customer trade show, we came away with the view that the breadth of EMC's product offering will continue to make our/Street estimates. In contrast, we remain concerned that NetApp (Nasdaq: NTAP) will see ongoing pressure from EMC's VNX and Isilon product families. Moreover, we think estimates will trend lower post NetApp's earnings call on May 23, and thus, we remain cautious into the print, despite the attractive valuation."
"We remain positive on EMC's product cycle, and look for a rebound in the high-end segment. Companies and stocks are generally viewed positively with new product cycles, and EMC should have a good product cycle in 2012. Further, we believe EMC's mid-range continues to take share, driven by the VNX family and Isilon."
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 $25.59 yesterday.
Analyst, Keith Bachman, said, "After having spent two days at EMC's customer trade show, we came away with the view that the breadth of EMC's product offering will continue to make our/Street estimates. In contrast, we remain concerned that NetApp (Nasdaq: NTAP) will see ongoing pressure from EMC's VNX and Isilon product families. Moreover, we think estimates will trend lower post NetApp's earnings call on May 23, and thus, we remain cautious into the print, despite the attractive valuation."
"We remain positive on EMC's product cycle, and look for a rebound in the high-end segment. Companies and stocks are generally viewed positively with new product cycles, and EMC should have a good product cycle in 2012. Further, we believe EMC's mid-range continues to take share, driven by the VNX family and Isilon."
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 $25.59 yesterday.
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