UBS maintains a 'Neutral' on Seagate Technology (STX); Improvements to Take Some Time

Article Stock Quotes (1) Comments (0)

UBS maintains a 'Neutral' on Seagate Technology (NASDAQ: STX), raises PT to $16.

UBS analyst says, "Dec qtr results better than expected, but...Expect gross margin pressures; Guidance disppointing...Our FY11E EPS adjusts to $1.31 (from $1.44) and FY12E moves to $2.00 (from $2.17). Looking a.head we see limited near term catalysts to get share moving materially higher."

For more ratings news on Seagate Technology click here and for the rating history of Seagate Technology click here.

Shares of Seagate Technology closed at $14.13 yesterday, with a 52 week range of $9.84-$21.58.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Lazard Boosts PT on Western Digital (WDC) to $68; Sees Bottoming in HDD
• UPDATE: Michael Kors (KORS) Under-Appreciated; Canaccord Genuity Starts at Buy
• UPDATE: Wedbush Downgrades XenoPort (XNPT) to Neutral

Create E-mail Alert Related Categories

Analyst Comments

Related Entities

UBS

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?