EMC Corp. (EMC) was upgraded both by Bear Stearns and Citigroup, with the brokers citing the benefits of its 87% ownership in VMware (VMW), as well as its own valuation.
Citigroup, which upped the stock from hold to buy, said "the mid- to long-term demand generation for networked storage attributable to server virtualization ( is) attractive" and EMC's positioning is sound.
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