Wunderlich Securities Initiates Buy Rating And $28 PT On EMC

Wunderlich Securities is initiating coverage of EMC Corporation (NYSE: EMC) with a Buy rating and a price target of $28.

“EMC is the market share leader in the information infrastructure space with unmatched breadth of technology spanning storage, security, management, and virtualization,” Wunderlich Securities writes. “We believe that EMC's markets and global scale will drive double-digit revenue and EPS growth over the next three to five years and beyond.”

EMC currently trades at $21.27.