Boston, MA, 03/26/2014 (usastockreports)- EMC Corporation (NYSE:EMC) has announced a series of leadership reshuffle for its information and infrastructure business. EMC’s information and infrastructure business forms part of the company’s three major businesses segments that also includes VMware and Pivotal under the federated business model.
The changes will see Jeremy Burton taking over as the president of products and marketing for the Information and Infrastructure segment, he will be reporting to the segment’s CEO David Goulden. Burton will assume responsibility of the segments divisions such as Data Protection & Availability, Isilon Systems, Emerging Technology Products and the information intelligence group.
Dennis Cashman is to take over as EMC Information infrastructure Chief financial officer reporting to David Goulden. He will be responsible for all matters related to financial planning, accounting and control for the segment. David Goulden will still act as EMC Corporation CFO.
Part of the changes will also see Jonathan Martin taking over as EMC Information and Infrastructure Chief marketing Officer which is expanded position from his prior position of senior vice president of Corporate Marketing.
EMC Price Target Raised
EMC Corporation (NYSE:EMC) continues to witness a rise in share price target from major research equity firms. Analysts at BMO have weighed into the company’s stock upgrading their price target to $30 with an “Outperform” rating. The price target suggests a potential upside of 7.53%. The positive rating in the market is as a result of stellar financial results reported for the fourth quarter and full year for 2013.
Separately, analysts at Wunderlich have a price target $31 on EMC’s stock, with a buy rating. Analysts at RBC capital have also raised their price target to $31. The company’s average rating in the market stands at a “Buy” with a consensus average price target of $29.70.
EMC Corporation (NYSE:EMC)’s stock continue to surge in the market, moving up by 1% on Tuesday trading session to close at a high of $28.18.