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Fly News Breaks for May 1, 2019
STX
May 1, 2019 | 08:29 EDT
As previously reported, Benchmark analyst Mark Miller upgraded Seagate to Buy from Hold, citing expectations that increasing Data Center spending later this year should boost nearline drive sales. Miller forecasts that FY20 margin improvement, driven by the drive sales, should push non-GAAP earnings to $5.14 per share. He set a $57 price target on Seagate shares.
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