Deutsche Bank Reiterates Buy on EMC (EMC)

Deutsche Bank is out with its report today on EMC

, reiterating Buy. In a note to clients, Deutsche Bank writes, "In front of a record crowd, EMC outlined its strategy to grow faster than the broader IT market, take share and detailed how it is uniquely positioned to benefit from the intersection of major IT trends in cloud computing (virtualized / next gen data centers and big data -Greenplum/Isilon). We remain optimistic that EMC is well positioned to post strong growth as this spending cycle progresses." Deutsche Bank has a $92 PT on EMC. Shares of EMC closed Monday at $27.15.