Brokerage Firm Rating Update on EMC Corporation (EMC)

EMC Corporation (EMC) : Zacks Investment Research ranks EMC Corporation (EMC) as 4, which is a Sell recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 14 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 21 research analysts is 2.38, which indicates as a Buy.

EMC Corporation (EMC) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $32 and the lowest price target forecast is $26. The average forecast of all the analysts is $29.6 and the expected standard deviation is $1.39.

EMC

Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Deutsche Bank maintains its rating on EMC Corporation (NYSE:EMC). The rating major has initiated the coverage with hold rating on the shares. The Analysts at Deutsche Bank raises the price target from $27 per share to $29 per share. The rating by the firm was issued on August 25, 2016.

EMC Corporation (EMC) is a service provider to information technology (IT) operations to an as a service model (ITaaS). It develops, delivers and supports the IT industrys range of information infrastructure and virtual infrastructure technologies, solutions and services. EMC manages the Company as part of a federation of businesses: EMC Information Infrastructure, VMware Virtual Infrastructure and Pivotal. EMC Information Infrastructure business consists of three divisons: Information Storage, Enterprise Content Division and RSA Information Security. EMC Information Infrastructure provides a foundation for organizations to store, manage, protect, analyze and secure quantities of information. VMware develops and markets its product and service offerings within three main product groups: Software-Defined Data Center, Cloud Services and End-User Computing. Pivotals three offerings include the Pivotal Big Data Suite, Pivotal Labs and Pivotal Cloud Foundry.

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