Jefferies Maintains "Buy" Rating On EMC

Jefferies & Co. reiterated its "buy" rating on data storage giant EMC EMC following the company's purchase of privately-held Greenplum, a move Jefferies says will allow EMC to participate in the fast-growing data warehousing and analytics market. Jefferies has a $25 price target on EMC. Greenplum has over 100 customers including Nasdaq NDAQ, NYSE Euronext NYX and T-Mobile, among others, Jefferies said.