Seagate price target raised to $72 from $60 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Seagate to $72 from $60 and keeps a Hold rating on the shares. The shares have done well in the past three months, up 20%, amid investor enthusiasm that hard disk drive demand will likely recover from a cyclical trough, the analyst tells investors in a research note. The firm views Seagate’s valuation as full at current levels.