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Enter Symbol:
 
Emc Corporation (EMC) [hlAlert]

Rating:
Neutral EMC
up 71.79 %

Emc Corporation (EMC) downgraded to Neutral with price target $30 by Citigroup

Posted on: Tuesday,  Oct 9, 2012  8:25 AM ET by Citigroup

Citigroup rated Neutral Emc Corporation (NYSE: EMC) on 10/09/2012. Previously Citigroup rated Buy Emc Corporation (NYSE: EMC) on 08/27/2009., when
the stock price was $15.74. Since then, Emc Corporation has gained 71.79% as of 10/09/2012's recent price of $27.04.
If you would have followed the previous Citigroup's recommendation on EMC, you would have gained 71.79% of your investment in 1139 days.

EMC Corporation (EMC) develops, delivers and supports the information technology (IT) industry?s range of information infrastructure technologies and solutions. EMC?s Information Infrastructure business provides a foundation for customers to manage and secure their information, automate their data center operations. EMC?s VMware Virtual Infrastructure business, VMware, Inc., is the provider of virtual infrastructure software solutions from the desktop to the data center. VMware?s virtual infrastructure software solutions run on industry-standard desktops and servers and support a range of operating system and application environments. EMC?s Information Infrastructure business comprises three segments: Information Storage, Content Management and Archiving, and RSA Information Security. During the year ended December 31, 2008, the Company acquired Pi Corporation, Document Sciences Corporation, Infra Corporation Pty Limited, WysDM Software Inc., Conchango plc. and Iomega Corporation.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/9/2012 8:25 AM Hold
None
27.04 30.00
as of 12/31/2012
1 Week   
1 Month   
3 Months down  -0.84 %
1 YTD up  25.53 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/27/2009 8:25 AM Buy
None
15.74
4/15/2008 8:25 AM Hold
None
14.41 17.00
9/24/2007 11:25 AM Buy
None
20.27

(*) Stock Price at the time of the recommendation.
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