UPDATE: Oppenheimer Lowers PT on EMC Corporation Following Enterprise Checks
April 03, 2013 at 15:32 PM EDT
In a report published Wednesday, Oppenheimer analyst Ittai Kidron reiterated an Outperform rating on EMC Corporation (NYSE: EMC ), but lowered the price target from $30.00 to $28.00. In the report, Kidron noted, “Based on our enterprise checks (26 in US/Europe), we believe EMC could top March-quarter consensus forecasts and