Craig Hallum assumed coverage on shares of Emulex (NYSE: ELX) in a report issued on Tuesday. The firm issued a hold rating and a $8.00 target price on the stock.
Emulex opened at 6.71 on Tuesday. Emulex has a 1-year low of $5.85 and a 1-year high of $11.19. The stock’s 50-day moving average is currently $7.14. The company’s market cap is $607.9 million.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets cut their price target on shares of Emulex from $7.00 to $6.75 in a research note to investors on Friday, February 1st. They now have a market perform rating on the stock. Separately, analysts at TheStreet upgraded shares of Emulex from a sell rating to a hold rating in a research note to investors on Wednesday, January 30th. Finally, analysts at Piper Jaffray initiated coverage on shares of Emulex in a research note to investors on Tuesday, January 22nd. They set a neutral rating and a $8.00 price target on the stock.
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