Loading...
Loading...
JP Morgan downgraded EMC Corporation
EMC from Overweight to Neutral and lowered the price target from $29.00 to $26.00.
JP Morgan commented, "Our research continues to indicate the storage market is slowing, and there also are companyspecific dynamics that could present incremental headwinds. Potential of 1) EMC's midrange market share momentum easing, 2) VMware's (rated N by John DiFucci) revenue growth moderating, and 3) weakness in high-end storage due to Oracle's (rated OW by John DiFucci) Exadata all could combine to limit EMC's model from having above-peer growth potential."
EMC Corporation closed at $24.15 on Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in