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Fly News Breaks for July 14, 2015
EMC
Jul 14, 2015 | 07:28 EDT
Summit Research analyst Srini Nandury downgraded EMC to Hold citing weakening fundamentals and a lack of near-term catalysts. Secular storage trends such as Flash, Cloud and Hyper-converged Infrastructure will continue to challenge the company in the near-term, Nandury tells investors in a research note. EMC is scheduled to report Q2 results on July 22. The analyst lowered EMC's price target to $26 from $34.
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