Wedbush analyst Matt Bryson lowered the firm’s price target on Seagate (STX) to $140 from $150 and keeps an Outperform rating on the shares following quarterly results. The firm is tweaking its forward estimates in part to include a higher tax rate in-line with the global minimum rate.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STX:
- Seagate price target raised to $120 from $112 at BofA
- Seagate Technologies: Strong Financial Performance and Strategic Advancements Justify Buy Rating with $120 Target Price
- Seagate price target lowered to $105 from $120 at Wells Fargo
- Seagate Tech’s Balanced Outlook: Solid Q3 Results and Promising Guidance Amid Tariff Concerns
- Seagate Technology’s Strong Financial Performance and Promising Future Prospects Drive Buy Rating