EMC (NYSE:EMC) Move to "Top Pick" of Brean Murray Carret & Co.

Brean Murray Carret & Co. boosted EMC (NYSE:EMC) to "Top Pick" status for 2011, citing their growing storage systems market opportunity.

They said EMC "can benefit from both an expanding storage systems market opportunity as well as share gains in both of its core storage systems business and VMware."

In response, Brean raised their full year 2011 EPS estimate from $1.40 to $1.50 and introduced their full year 2012 estimate at $1.70.

Brean reiterates a "Buy" rating on EMC, which was trading at $23.91, down $0.06, or 0.29 percent, as of 2:19 PM EST. Brean raised their price target on EMC from $24 to $30.