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Morgan Stanley Sees Good Things Ahead For EMC

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In a report published Tuesday, Morgan Stanley analyst Katy L. Huberty reiterated an Equal-Weight rating on EMC Corporation (NYSE: EMC).

In the report, Morgan Stanley noted, “EMC made two major product announcements at its user conference to help enterprises migrate to a big data / hybrid cloud world. Management believes it can grow profit dollars and earnings long term, though gross margin will come under pressure as customer adopt next-generation storage products.”

EMC closed on Monday at $25.78.

Posted-In: Katy L. Huberty Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

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