Anything Below $30/Share Likely Rejected by EMC (EMC) Shareholders - Summit Research
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Cowen Cuts Price Target on VMware (VMW) Following Dell's Announced Acquisition of EMC
October 12, 2015 3:56 PM EDTCowen reiterated an Outperform rating on VMware (NYSE: VMW), and cut the price target to $87.00 (from $90.00), following Dell's announced acquisition of EMC. As part of the deal, Dell will pay EMC shareholders with VMW "tracking stock", or stock that will follow the 19% of... More
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
Dell Said to Approach Banks for EMC (EMC) Buy; May Seek to Raise ~$40B
October 8, 2015 11:51 AM EDT(Updated - October 8, 2015 11:55 AM EDT)
Dell is said to have approached several banks about raising funds for an acquisition of EMC Corp. (NYSE: EMC), according to Bloomberg. The company is looking to raise about $40 billion and has spoken with JPMorgan,... 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
