Seagate price target lowered to $124 from $130 at BofA

BofA lowered the firm’s price target on Seagate (STX) to $124 from $130 and keeps a Buy rating on the shares. The firm is expecting December-end quarter earnings and revenue to be in line, but contends that the Street is “too high” with its revenue estimates in the March-end quarter, the analyst tells investors in a fiscal Q2 preview note.