Seagate upgraded to Buy from Hold at Craig-Hallum Craig-Hallum upgraded Seagate based on reduced investor expectations and subsequent inventory correction with no material change in pricing. Price target raised to $40 from $28.
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Seagate revenue upside guidance reinforces bullish stance, says Brean Capital Brean Capital noted Seagate's raised revenue guidance, citing good strength across all drives segments. The firm said they now see new upside to its September quarter and that Seagate could see an incrementally strong December quarter versus the company's original flat forecast, given its current cloud momentum. Brean has a Buy rating with a $70 price target on the stock.