Citi Reiterates Buy on EMC

Citi has issued a report reiterating a Buy Rating on EMC Corporation

. According to the report, "While our estimates are not rising, we remain above guidance and consensus for FY11 and FY12 and continue to expect 15-21% non-GAAP EPS growth through FY13 thanks to acquisitions and positive mix shift toward higher margin businesses." EMC has a $32 Price Target and closed at $26.37 a share yesterday.