Morgan Stanley Sees Risk to Seagate Technology (STX) June Quarter

Morgan Stanley analyst Katy Huberty reiterated an Equalweight rating and $101.00 price target on Seagate Technology (NASDAQ: STX) after the company announced at a Morgan Stanley conference that the March quarter is tracking to the low end of guidance due to VIA and China weakness and logistics costs could pressure margins past C1Q.

"While mgmt believes disruption is transitory & full-year guidance is unchanged, we see some risk to June Q results if geopolitical/macro pressures build," the analyst commented.

For an analyst ratings summary and ratings history on Seagate Technology click here. For more ratings news on Seagate Technology click here.

Shares of Seagate Technology closed at $100.09 yesterday.

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