Mass. Movers

EMC slips as analyst cites too-high hopes

EMC Corp. is a leading data-storage company.

Globe File Photo/2007

EMC Corp. is a leading data-storage company.


Data-storage stocks, Dow Jones reported, “are flashing warning signs” after William Blair downgraded Hopkinton-based EMC Corp. — a giant in the industry — and Fusion-io Inc., a newer Salt Lake City company, to “market perform.” That neutral rating comes, Blair says, on too-aggressive expectations for 2013 on Wall Street. EMC, Blair warns, could suffer “choppy” near-term results as companies move data to the cloud and show renewed enthusiasm for server-storage bundles.

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