Today's Seagate Tech (STX) Upgrade at Brean Murray Could Provide a Catalyst
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Brean Murray's upgrade of Seagate Tech (NYSE: STX) today could be one to watch, since the firm's last call on the stock proved accurate.
On July 21st, the firm downgraded Seagate from Buy to Hold. The stock feel 16% over the course of that downgrade, according to data tracked at StreetInsider.com's Ratings Central.
In its upgrade of the stock today, Brean Murray analyst said fundamentals are stabilizing which "can enable improved sentiment." The firm set a $16 price target on STX, representing 31 percent upside to Friday's closing price.
Today share of Seagate are up 1.7 percent to $12.41.
On July 21st, the firm downgraded Seagate from Buy to Hold. The stock feel 16% over the course of that downgrade, according to data tracked at StreetInsider.com's Ratings Central.
In its upgrade of the stock today, Brean Murray analyst said fundamentals are stabilizing which "can enable improved sentiment." The firm set a $16 price target on STX, representing 31 percent upside to Friday's closing price.
Today share of Seagate are up 1.7 percent to $12.41.
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