Form 8-K Seagate Technology plc For: Apr 29

Go back to Form 8-K Seagate Technology plc For: Apr 29

Cowen Cuts PT on Seagate (STX) to $23; Q3 Results Worse than Expected

April 29, 2016 2:59 PM EDT

Cowen and Company cuts its price target on Market Perform-rated Seagate Technology (Nasdaq: STX) from $35 down to $23 following Q3 results issued earlier Friday.

Analyst Karl Ackerman offered the following commentary on Seagate following today's report:

Headline EPS guide of ~$0.15 was $0.40 BELOW published Street that came in below even the most... More