Brean Murray Carret Maintains Buy on EMC Corp. (EMC)

Brean Murray Carret is out with its report today on EMC Corp. (NYSE: EMC), maintaining Buy and a $30 PT.

In a note to clients, BMC writes, "Unexpectedly EMC stated it expects $28B+ in revenue by 2014 (~13% revenue growth CAGR from 2011 – 2014) and even stronger growth in EPS (unspecified). Our simple math suggest this conservatively puts 2012 EPS in line to slightly exceed our $1.70 forecast and 2013 of ~$2.00; which would put the stock at $35. All this said, we believe EMC's four-year framework is conservative and that we'll very likely see ongoing upside during the next couple of years as EMC's most significant opportunities could lie in front of it."

At the time of posting, Shares of EMC were trading at $26.70, up 2.06% from Tuesday's close.