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Fly News Breaks for June 7, 2019
STX
Jun 7, 2019 | 09:50 EDT
Cleveland Research analyst Chandler Converse assumed coverage of Seagate with a Neutral rating, stating that in the near-term demand appears softer given choppy hyperscale demand and tariff concerns. Over the longer-term, the company also seems to be facing potential share loss in high-capacity drives, Converse said. He is forecasting June quarter EPS at the low end of guidance.
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