Citigroup Downgrades EMC Corp. (EMC)


EMC Corp. (NYSE:EMC) was downgraded by research analysts at Citigroup Inc. to a “market perform” rating in a research report issued on Monday.

Several other research firms also recently commented on EMC. Raymond James Financial Inc. downgraded EMC Corp. from a “strong-buy” rating to an “outperform” rating and set a $29.00 price objective on the stock. in a report on Thursday, April 7th. Vetr downgraded EMC Corp. from a “strong-buy” rating to a “buy” rating and set a $28.49 price objective on the stock. in a report on Monday, March 21st. Longbow Research cut EMC Corp. from a “buy” rating to a “neutral” rating and set a $28.00 target price on the stock. in a research report on Friday, May 27th. Deutsche Bank AG reaffirmed a “hold” rating and set a $27.00 target price (up previously from $26.00) on shares of EMC Corp. in a research report on Thursday, April 21st. Finally, Macquarie cut EMC Corp. from an “outperform” rating to a “neutral” rating and set a $30.00 target price on the stock. In a research report on Wednesday, July 13th. Eighteen analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $30.30.




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