Seagate Technology (STX) Cuts Q1 Revenue, Gross Margin Outlook
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UBS Cuts Price Target on Seagate Technology (STX) to $34 Following Negative Pre-Announcement
October 19, 2015 9:46 AM EDTUBS reiterated a Sell rating on Seagate Technology (NASDAQ: STX), and cut the price target to $34.00 (from $36.00), following a negative 1Q16 pre-announcement.
Analyst John Roy commented, "After the negative preannouncement the question of the day was, why that big of a gross... More
RBC Capital Cuts Price Target on Seagate Technology (STX) Following Quarterly Pre-Announcement
October 15, 2015 1:01 PM EDTRBC Capital reiterated an Outperform rating on Seagate Technology (NASDAQ: STX), and cut the price target to $47.00 (from $53.00), following september quarter's pre-announcement. While unit shipments were in-line, the gross margin expectation is well below prior expectations of 27%. STX anticipates revenue of $2.9B, gross... More
Seagate (STX) Warning Could Mean Share Gains for Western Digital (WDC) - Goldman Sachs
October 15, 2015 12:18 PM EDTWestern Digital (NASDAQ: WDC) is stabilizing mid-day after morning weakness on the back of a warning from rival Seagate... More
Needham & Company Downgrades Seagate Technology (STX) to Buy
October 15, 2015 11:18 AM EDTNeedham & Company downgraded Seagate Technology (NASDAQ: STX) from Strong Buy to Buy with a price target of $50.00 (from $65.00).
Analyst Richard Kugele commented, "Despite the overall September quarter TAM being above guidance, high-capacity drives were the culprit behind the negative pre-announcement. Datacenter and cloud... More
Barclays Starts Seagate Technology (STX) at Equalweight
October 14, 2015 4:53 PM EDTBarclays initiated coverage on Seagate Technology (NASDAQ: STX) with an Equalweight rating and a price target of $52.00.
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 $48.62 yesterday.
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