Dell in talks to buy data storage company EMC: source
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EMC (EMC) Purchase by Dell Would Make Sense, Says Deutsche Bank
October 8, 2015 2:14 PM EDTDeutsche Bank maintained a Buy rating on EMC (NYSE: EMC) with a price target of $30. Earlier report said Dell is in discussions to acquire EMC, though it is unclear if this would be a full or partial takeover. In the view of analyst Sherri Scribner, a purchase by Dell would make sense.
"Speculation of EMC as a take-out candidate has been common for the past few years, and while... More
EMC (EMC) Worth $30+ Takeover or Not, Raymond James Says
October 8, 2015 11:27 AM EDTRaymond James analyst Brian Alexander reiterated a Strong Buy rating and $32 price target on EMC (NYSE: EMC) amid speculation of a potential merger with Dell.
"While reports lacked specifics and have not been confirmed by the companies concerned, EMC's current market cap of ~$50 billion and enterprise value of +$40 billion suggest that the inclusion of VMware would be... More
Dell offer for EMC (EMC) could be above $27/shares and could be a week away - CNBC's Faber
October 8, 2015 9:05 AM EDTDell offer for EMC Corp. (NYSE: EMC) could be above $27/shares and could be a week away, CNBC's David Faber reports. $40 billion in financing need for the deal.
Baird Remains Bullish on EMC Corp. (EMC) Following Reports of Merger Talks with Dell
October 8, 2015 9:03 AM EDTBaird reiterated an Outperform rating and $32.00 price target on EMC (NYSE: EMC) as news reports come in that the company is in talks with Dell about a potential merger. Dell went private in October of 2013 for $25 billion with a reported $15 billion in additional... More
EMC/Dell Rumors May Be Another False Alarm, Bernstein's Sacconaghi Says (EMC) (VMW)
October 8, 2015 8:14 AM EDTBernstein analyst Toni Sacconaghi weighed in on EMC (NYSE: EMC) amid the various rumors surrounding the company and Dell. While the WSJ story about a merger between the two is the main focus, there are a couple other rumors making the rounds.
The analyst notes New York Times claimed that "Dell is in advanced talks to acquire EMC." Additionally, the tech news outlet Re/code stated that EMC was "looking to specifically sell its VNX data storage business" to Dell.
Sacconaghi said they struggle... More
Needham & Company Reiterates Buy on EMC Corp. (EMC) as Reports Suggest Potential Merger with Dell
October 8, 2015 7:46 AM EDTNeedham & Company reiterated a Buy rating and $30.00 price target on EMC (NYSE: EMC) as news reports suggest talks of a Dell/EMC Merger. Dell is already private, so there arent any redundant public company cost savings. Except for storage, their businesses are sufficiently... More
Jefferies Reiterates Buy on EMC Corp. (EMC) Following Reports of Potential Deal with Dell
October 8, 2015 7:38 AM EDTJefferies reiterated a Buy rating and $29.00 price target on EMC (NYSE: EMC) following reports of talks over a combination with Dell. Dell and EMC are increasingly competing with the likes of Amazon, Google, Microsoft, and others that have deep pockets; becoming larger... More
