Emulex downgraded to Sell from Neutral at Goldman Goldman downgraded Emulex to reflect secular challenges headwinds in the core Fibre Channel adapter businesses and cyclical risk in the server market and HBA to server attach rates. Price target lowered to $6 from $7.
News For ELX From The Last 14 Days
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BMC Software takeout a positive for Emulex, says Craig-Hallum Craig-Hallum said BMC Software's (BMC) takeout is a positive for Emulex (ELX) given Elliott's ownership and Board seats. The analyst believes shares can move higher on speculation that Elliott could succeed in a similar outcome for Emulex. Shares of Emulex are Hold rated with a $7 price target.