Seagate price target raised to $75 from $70 at Barclays

Barclays analyst Tom O’Malley raised the firm’s price target on Seagate to $75 from $70 and keeps an Overweight rating on the shares post the fiscal Q2 results. December "marks the bottom well ahead of expectations" and reset estimates make the shares attractive in conjunction with an improving nearline story, the analyst tells investors in a research note.