Seagate price target raised to $100 from $70 at Baird

Baird raised the firm’s price target on Seagate to $100 from $70 and keeps an Outperform rating on the shares. The firm noted they launched Mozaic last week, a demonstration of technology lead which should yield both mix and share gains for Seagate while accelerating a return to the company’s targeted gross margin model earlier than previously guided for.