UBS raised the firm’s price target on Seagate (STX) to $155 from $85 and keeps a Neutral rating on the shares. UBS believes momentum will carry through to the June quarter with revenue broadly in line with the midpoint of guidance, the analyst tells investors in a research note. Despite a resurfacing of tariff risks on Malaysia and Thailand, UBS expects Seagate to still put up “resilient” September quarter guidance.
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