Morgan Stanley Sees Good Things Ahead for EMC Corporation

In a report published Tuesday, Morgan Stanley analyst Katy L. Huberty reiterated an Equal-Weight rating on

. In the report, Morgan Stanley noted, “EMC made two major product announcements at its user conference to help enterprises migrate to a big data / hybrid cloud world. Management believes it can grow profit dollars and earnings long term, though gross margin will come under pressure as customer adopt next-generation storage products.” EMC Corporation closed on Monday at $25.78.