Oppenheimer Maintains EMC Outperform, Raises PT To $27

Oppenheimer maintained its EMC (NYSE: EMC) Outperform rating and raised its EMC price target from $26 to $27 in a research report published today.

In the report, Oppenheimer states, "While supply constraints resulting from the floods in Thailand could still cause problems, we believe EMC is better positioned than most to navigate through this. With strong execution and a strong portfolio soon to be refreshed, we maintain our Outperform rating and are raising our price target from $26 to $27."

Shares of EMC closed today at $25.14, up 7.25% from Monday's market close.