Morgan Stanley Sees Good Things Ahead For EMC
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.
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