UBS analyst Timothy Arcuri raised the firm’s price target on Seagate to $90 from $85 and keeps a Neutral rating on the shares. Seagate’s guidance and commentary was consistent with the broader storage and memory complex having bottomed and coming out the other side, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on STX: