Rajesh Ghai Upgrades EMC Corporation (EMC)

Craig-Hallum’s Rajesh Ghai announced today that the information tech company EMC Corporation (EMC) was upgraded from a hold to a buy. Analysts put the firm’s new price target at $30, up significantly from its last target of $26.

Ghai attributed his upgrade to the EMC’s new product portfolio, which he thinks will likely drive continued growth. The analyst noted that there may be a possibility of EMC offering a new cloud-based service to its lineup.

Despite the upgrade, shares of EMC slipped 34 cents, or -1.4%, during Wednesday’s session. Year-to-date, the stock is down 0.68%.

The Bottom Line

Shares of EMC Corporation (EMC) have a 1.64% yield, based on Wednesday’s closing price of $24.33.

EMC Corporation (EMC) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here