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Fly News Breaks for February 5, 2019
STX
Feb 5, 2019 | 08:42 EDT
Craig-Hallum analyst Christian Schwab lowered his price target for Seagate to $41 from $47 and reiterated a Hold rating on the shares. The analyst believes Seagate lacks near-term visibility regarding demand and the product demands of a future recovery, particularly from cloud service providers.