Goldman Sachs Resumes Seagate Technology (STX) at Neutral

December 13, 2010 8:04 AM EST
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Price: $36.47 --0%

Rating Summary:
    8 Buy, 26 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 19 | Down: 13 | New: 9
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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.

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