Stifel Downgrades EMC (EMC) to Hold
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October 22, 2015 6:43 AM EDT
Atlantic Equities downgraded EMC (NYSE: EMC) from Overweight to Neutral with a price target of $28.00 (from $30.00).
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 $25.77 yesterday.
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October 21, 2015 4:30 PM EDT
(Updated - October 21, 2015 5:56 PM EDT)
Stifel downgraded eBay (NYSE: EMC) from Buy to Hold amid the pending takeover by Dell.
Analyst Aaron Rakers commented, "EMC spent much of its 3Q15 conference call highlighting the merits of the Dell acquisition highlighting the combined positioning for next... More
October 21, 2015 6:59 AM EDT
EMC Corp. (NYSE: EMC) reported Q3 EPS of $0.43, $0.01 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $6.08 billion versus the consensus estimate of $6.17 billion.
Joe Tucci, EMC Chairman and CEO, said, This is an historic time for EMC and the entire IT industry. EMC combining with Dell, two highly complementary companies, will create a tech industry powerhouse - a new company with more than $80 billion in revenue that is... More
