UPDATE: Brean Murray Carret Maintains Buy, Raises PT to $18 on Xyratex

Brean Murray Carret reiterates its Buy rating and raises the price target to $18 from $17 on Xyratex (NASDAQ: XRTX) on opportunities for the company to stabilize with emerging drivers.

Brean Murray Carret says, "We continue to view Xyratex as an intriguing value play on storage... Importantly, we believe there is greater chance for upside than downside to 2012 Street EPS of $1.76 (we're at $1.80), as we believe Xyratex is being prudent in its forecast for Storage Infrastructure (SI) hard drive capital equipment stemming from the floowing in Thailand and has "softer case assumptions" built in for volumes from NetApp and EMC."

XRTX closed at $15.32 per share on Friday.