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Fly News Breaks for December 24, 2018
STX
Dec 24, 2018 | 06:11 EDT
Loop Capital analyst Ananda Baruah kept his Buy rating and $60 price target on Seagate, saying that the company is showing resiliency amid a Hyperscale investment pause as its fundamentals remain "relatively intact". The analyst adds that there is potential for a "faster restart" in the investment cycle during the March quarter and that the "demand dynamics are closer to expectations than may be obvious".
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