Goldman Sachs Resumes Seagate Technology (STX) at Neutral

Article Stock Quotes (1) Comments (0)

Goldman Sachs resumes coverage on Seagate Technology (NASDAQ: STX) with a Neutral rating and $16 price target.

For the HDD sector the firm noted four key investment themes: the bottoming process has begun but is fragile; the tablet and SSD debates could intensify in 2011; major areal density transitions may be scarce in 2011; M&A possibilities should continue to have some impact on valuation.

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 $15.26 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

• Deutsche Bank Upgrades Seagate (STX) to Buy; Sanmina (SANM) Cut to Sell, Flextronics (FLEX) & Fabrinet (FN) Cut to Hold
• Guggenheim Starts Biota Pharmaceuticals (BOTA) at Buy
• Janney Capital Boosts PT on Gap (GPS) Post Q1

Create E-mail Alert Related Categories

New Coverage

Add Your Comment

Name

Subject

Body

Share on Facebook

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