Craig Hallum upgraded shares of Emulex Corp. (NYSE:ELX) from a hold rating to a buy rating in a report issued on Friday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on ELX. Analysts at Barclays Capital initiated coverage on shares of Emulex Corp. (NYSE:ELX) in a research note to investors on Wednesday, September 11th. They set an equal weight rating and a $8.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Emulex Corp. (NYSE:ELX) from $7.00 to $8.00 in a research note to investors on Friday, August 9th. They now have a sector perform rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Emulex Corp. (NYSE:ELX) from $6.00 to $7.00 in a research note to investors on Friday, August 9th. They now have a market perform rating on the stock.
One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. Emulex Corp. currently has an average rating of Hold and an average target price of $7.21.
Emulex Corp. (NYSE:ELX) traded up 0.62% during mid-day trading on Friday, hitting $8.09. 331,114 shares of the company’s stock traded hands. Emulex Corp. has a 52 week low of $5.72 and a 52 week high of $8.99. The stock has a 50-day moving average of $7.60 and a 200-day moving average of $6.96. The company’s market cap is $739.5 million.
Emulex Corporation (NYSE:ELX) is a provider of a range of network convergence solutions that connect servers, storage, and networks within the data center.
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