Seagate price target raised to $50 from $40 at Susquehanna

Susquehanna analyst Mehdi Hosseini raised the firm’s price target on Seagate to $50 from $40 and keeps a Negative rating on the shares. The firm updated its estimates ahead of earnings as they expect results to exceed consensus driven by higher shipment and improving margin profile, with NAND outlook faring better than HDD.