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Seagate price target raised to $72 from $65 at Cowen
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Seagate price target raised to $72 from $65 at Cowen

Cowen analyst Krish Sankar raised the firm’s price target on Seagate to $72 from $65 and keeps an Outperform rating on the shares. The analyst believes the HDD downcycle is largely behind and producers should reap the benefits of supply discipline. The company’s guidance implies shipments growing well above expectations and underutilization expenses going away by Q2.

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