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Fly News Breaks for April 21, 2016
EMC
Apr 21, 2016 | 07:39 EDT
Brean Capital said the deal with EMC and Dell appears on track to close and given current valuation suggests a 10% trading opportunity. The firm noted EMC reported a slightly soft quarter but said the company is undergoing a product transition in a cautious IT spending environment and believes its fortunes will improve when the environment changes. Brean Capital maintains its Buy rating and $29 price target on EMC shares.
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