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Fly News Breaks for June 29, 2016
STX
Jun 29, 2016 | 07:45 EDT
RBC Capital says its checks indicate that the total available hard disk drive market could exceed expectations in the June quarter, potentially enabling Seagate's June quarter results to come in above expectations. However, the firm is keeping a Sector Perform rating on the stock until it sees signs that the company's free cash flow is poised to rise.
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