Seagate Announces Offering of Exchangeable Senior Unsecured Notes

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Seagate Technology (STX) downgraded as Barclays sees China weakness

September 7, 2023 11:59 AM EDT

Seagate Technology (NASDAQ: STX) was cut to Equal Weight from Overweight at Barclays on Thursday, with analyst Tom O'Malley maintaining a $65 price target on the stock.

O'Malley told investors in a note that STX's valuation "is now 27x Street CY24 (30x our... More