EMC (EMC +0.9%) and VMware (VMW +0.7%) trade higher after Longbow starts coverage on EMC with a...

|By:, SA News Editor

EMC (EMC +0.9%) and VMware (VMW +0.7%) trade higher after Longbow starts coverage on EMC with a Buy and $30 PT. Longbow's launch offsets a critical report from Bernstein: the firm notes EMC shares have a historical correlation with VMware's, and thinks VMware's challenges could affect EMC's performance.