EMC Corporation (NYSE: EMC): Auriga on Monday upgraded its rating on EMC to Buy from Hold with a price target of $28.00. In a research note to clients, the firm stated, "We expect EMC will continue to be a share-gaining leader in the very attractive storage space, and its exposure to other high growth markets beyond storage suggests a top-line CAGR of 10%+ is sustainable. We also believe EMC can continue to push margins modestly higher, and thus bottom-line growth of 15% appears very possible, placing EMC into the group of elite large cap growth names in the tech space. After the recent market sell-off, we now believe EMC shares are attractively priced given that outlook, and we believe EMC's high exposure to a staple area like storage offers some protection during a downturn, thus we are upgrading the stock."
SunPower Corporation (NASDAQ: SPWRA): Brigantine Advisors this morning downgraded the company to Sell from Hold. The firm slashed its price target to $11 from $22.
Starbucks Corporation (NASDAQ: SBUX): Robert W. Baird upgraded Starbucks to Outperform from Neutral. The firm maintained its $45 price target on the stock.
Wells Fargo & Company (NYSE: WFC): Sterne Agee upgraded the company to Buy from Neutral.
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