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Fly News Breaks for July 13, 2017
STX
Jul 13, 2017 | 08:56 EDT
Morgan Stanley analyst Katy Huberty lowered Q4 and FY18 gross margin estimates to reflect elevated inventories, weaker enterprise mix, and a slow 10TB ramp. As a result, the analyst lowered her price target to $37 from $40 on Seagate and reiterates an Equal Weight rating.
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