Will This Price Target Increase Help EMC (EMC) Stock Today?

Story updated at 9:55 a.m. to reflect market activity.

NEW YORK (TheStreet) -- UBS raised its price target for EMC (EMC) to $33 from $32 Tuesday.

EMC stock fell -0.9% to $29.40 in morning trading.

The analyst firm reiterated its "buy" rating for the stock. EMC's VMware (VMW) acquisition still has unrealized value potential according to UBS analysts Steven Milunovich and John Roy, adding that spinning off the company wouldn't make sense.

"EMC and VMware have been run independently," the analysts wrote. "Spin-offs, of which there are few in tech, work when the spinee has been overshadowed by the parent, which is not the case here. We think the Federation structure, established less than 18 months ago, deserves a chance as it still is early."

Must read: Warren Buffett's 25 Favorite Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.


Separately, TheStreet Ratings team rates EMC CORP/MA as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate EMC CORP/MA (EMC) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

If you liked this article you might like

Here the One Business That Could Fit 'Perfectly' Inside Meg Whitman's Overhauled Hewlett Packard

HP Enterprise Could Use an Expected Software Windfall to Make Hardware Acquisitions

7 Stocks Trading on Big Volume -- and What to Do With Them Now

EMC Stock Higher, Dell's $63 Billion Deal Closing Next Week

John Paulson Bought These 5 Stocks -- but the Charts Say Sell