Stifel Nicolaus Maintains Buy on EMC

Stifel Nicolaus is out with its report today on EMC EMC, maintaining Buy. In a note to clients, Stifel Nicolaus writes, "With our positive view on the storage market, coupled with EMC's product/portfolio depth, we retain our Buy and $33/sh. target price (19x C2012 consolidated non-GAAP EPS, or 14x core EMC Info. Infra.)." At the time of posting, shares of EMC were trading pre-market at $26.98, up 0.19% from Tuesday's close.