On Monday, Shares of EMC Corporation (NYSE:EMC), lost -0.48% to $26.94, after having its price target being lowered to $31 from $33 at Jefferies, which reiterated its “buy” rating.
“Our lowered price target for EMC reflects concerns around the impact of hyper-converged storage on the storage market in addition to our checks around an increasingly tough competitive environment,” Jefferies analysts said.
While the firm lowered the price target of EMC, it maintained a “buy” rating as EMC recently launched a hyper-converged solution and will take part in this growing market.
EMC Corporation develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. It offers enterprise storage systems and software deployed in storage area networks (SAN), networked attached storage (NAS), unified storage combining NAS and SAN, object storage, and/or direct attached storage environments, in addition to provides a portfolio of backup products that support a range of enterprise application workloads.
Shares of Yamana Gold, Inc. (NYSE:AUY), inclined 0.31% to $3.25, during its last trading session, hitting its lowest level, despite Gold rose on Monday, buoyed by chart-based buying and the weak U.S. dollar ahead of a Federal Reserve policy meeting while persistent uncertainty over Greece after debt talks with its creditors stalled underpinned prices.
Yamana Gold Inc. engages in gold mining and related activities, counting exploration, extraction, processing, and reclamation. The company has precious metal properties and land positions in the Americas.
Finally, CSX Corp. (NYSE:CSX), ended its last trade with -0.23% loss, and closed at $34.67.
CSX Corp., was again named to Newsweek’s Green Rankings for environmental efficiency and sustainable business practices. CSX has been comprised of on the ranking since it was created in 2009, and in 2015, the company ranked 96th among U.S. companies.
“Rail is the most environmentally efficient way to move freight on land, and CSX is continually pursuing new technologies and initiatives to further enhance our sustainability,” said Michael Ward, CSX chairman and chief executive officer. “We appreciate this recognition of our efforts to offer our customers a safe, reliable transportation solution that simultaneously reduces their environmental footprint.”
Recent sustainability initiatives at CSX comprise incorporating environmentally friendly development features in new facilities and undergoing an LED lighting retrofitting program in existing buildings and terminals. The company also continues to invest in technological advances in fuel efficiency, such as the Trip Optimizer locomotive fuel efficiency software created with GE and Evolution Series locomotives. As a result, CSX moved one ton of freight an average of 483 miles on one gallon of fuel in 2014, the company’s most fuel-efficient year ever.
CSX’s sustainability strategy is focused on three main areas: reducing the environmental footprint of operations, engaging openly on sustainability issues, and supporting sustainable development. The company discloses performance data through the Carbon Disclosure Project and Dow Jones Sustainability Index. CSX also releases an annual Corporate Social Responsibility Report, which measures progress on environmental performance and sets aims for the future.
CSX Corporation, together with its auxiliaries, provides rail-based transportation services in the United States and Canada. It offers traditional rail services, and transports intermodal containers and trailers.
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