Barclays analyst Tim Long upgraded Seagate Technology raised his price target to $40 from $37 after the company at its analyst day provided a long-term revenue growth target of 2%-6% and operating margin target of 13%-16%. While the revenue outlook" looks encouraging," it may prove aggressive, Long tells investors in a research note. Despite higher long-term estimates and the analyst keeps an Underweight rating on Seagate shares.
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