Seagate Technology (STX) PT Lowered to $45 at Cowen, Outlook Not Indicative Of Widespread Demand Weakness
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Price: $1,094.04 +2.22%
Rating Summary:
28 Buy, 19 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
Rating Summary:
28 Buy, 19 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
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Cowen lowered its price target on Seagate Technology (NASDAQ: STX) to $45.00 (from $46.00) while maintaining a Market Perform rating.
Analyst Karl Ackerman says "the fundamental thesis on exabyte growth remains unchanged" and he comments that his team "feels good about our bullish call" into the company's report Thursday.
FY 2017 EPS estimate remains at $4.46 and Fy 2018 EPS estimate remains at $4.19.
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