EMC Corp. (NYSE: EMC) was the recipient of a ratings changes during the seven days:

  • EMC Corp. had its price target raised by analysts at Cantor Fitzgerald from $30.00 to $31.00. They now have a “buy” rating on the stock.
  • EMC Corp. had its “overweight” rating reaffirmed by analysts at Piper Jaffray. They now have a $31.00 price target on the stock.
  • EMC Corp. had its price target raised by analysts at Lazard Capital to $30.00. They now have a “buy” rating on the stock.
  • EMC Corp. is now covered by analysts at Citigroup. They set a “neutral” rating and a $30.00 price target on the stock. They wrote, “We view the shares to be fairly valued with limited upside to estimates. Our Neutral rating compares with consensus ratings of 95% Buys and 5% Holds. While positive secular trends are likely to drive continued demand for EMC’s products and services (storage, virtualization and security), we believe macro factors in Europe and recent signs of weakness in Asia as well as high unemployment rates are likely to limit overall IT and storage spending.”
  • EMC Corp. had its “overweight” rating reaffirmed by analysts at Piper Jaffray. They now have a $31.00 price target on the stock.

Shares of EMC Corp. opened at 25.84 on Thursday. EMC Corp. has a 52 week low of $21.25 and a 52 week high of $30.00. The company has a market cap of $54.231 billion and a P/E ratio of 21.36.

EMC Corporation (EMC) and its subsidiaries develops, delivers and supports the information technology (IT) industry’s range of information infrastructure and virtual infrastructure technologies, solutions and services.