Seagate price target raised to $95 from $90 at UBS

UBS raised the firm’s price target on Seagate to $95 from $90 and keeps a Neutral rating on the shares. Seagate’s results and guidance were broadly in-line to slightly better than the Street expected, but UBS read the underlying commentary as skewing a bit more bullish and supportive of the broader storage and memory complex, having bottomed with momentum really starting to build, the analyst tells investors in a research note. Ultimately, UBS still prefers memory stocks as a better way to play the upturn.