S&P lifts its rating on EMC (EMC +2.4%) to Strong Buy and boosts its target price by a...

|By:, SA News Editor

S&P lifts its rating on EMC (EMC +2.4%) to Strong Buy and boosts its target price by a dollar to $28. It thinks "EMC will be one of the biggest beneficiaries of the continued growth of enterprise storage," which IDC expects will see volume shipment growth of 47%/year through 2015. Gaining market share in high-end IT, S&P sees EMC also "making inroads in the mid-tier market with its VNX unified storage product lines."