UPDATE: Sterne Agee Raises PT to $32 on EMC - Global X Funds Global X Emerging Markets Great Consumer ETF (ARCA:EMC)

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Sterne Agee increases its price target from $30 to $32 on EMC (NYSE: EMC) as lower cost VNX provides share opportunities for the companySterne Agee notes, "A recurring theme from our reseller contacts is VNX win rates in competitive bidding situations remain solidly intact, driven in large part by the lower price points vs. the prior generation, CX4 array. …Given feedback that suggests incremental revenue opportunities stemming from Isilon Systems, VNX along with VDI deals in the channel, we are raising our core Storage revenue projections for EMC from 8.9% Y/Y growth to 10.4% Y/Y for CY2012 and 8.6% to 9.3% for CY2013."EMC closed at $28.60 on Wednesday.

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