Seagate Technology (STX) Declares $0.63 Quarterly Dividend; 5% Yield

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Go back to Seagate Technology (STX) Declares $0.63 Quarterly Dividend; 5% Yield

Seagate Technology (STX) PT Lowered to $45 at RBC Capital on 1Q Report; 'Risk is Further Revenue Declines'

April 26, 2017 2:29 PM EDT

RBC Capital lowered its price target on Seagate Technology (NASDAQ: STX) to $45.00 (from $50.00) while maintaining a Sector Perform rating, following the company's first quarter results.

Analyst Amit Daryanani notes the shares turned negative following the earnings announcement, as the company reported softer revenue... More