UPDATE: Credit Suisse Raises PT to $30 on EMC Corp, Maintains Outperform

Credit Suisse reiterates its Outperform rating on EMC Corp (NYSE: EMC) and raises its price target up $3 to $30 on company's double digit growth outlook.

Credit Suisse says, " Solid Q4 results and outlook. EMC reported strong Q4 results, where EPS beat Credit Suisse/Street estimates by 7%. 2012 guidance (revenue of $22bn, +10% y/y and EPS of $1.70) while in-line with Street estimates was ahead of investor expectations. Management reiterated LT guidance of 13%+ revenue growth with earnings growth to exceed revenue growth. We raise our 2012 EPS to $1.73 (from $1.70) and introduce our 2013 EPS of $1.95."

EMC closed at $25.14 a share on Tuesday.