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Fly News Breaks for October 16, 2015
STX
Oct 16, 2015 | 08:04 EDT
Craig-Hallum downgraded Seagate to Hold and reduced its price target to $48 from $62 after the company preannounced negatively due to lower sales of higher-capacity drives. Analyst Tyler Burmeister expects management to be put in a "big penalty box" by investors given missed execution on next generation products.
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