Information Provided By:
Fly News Breaks for May 3, 2019
May 3, 2019 | 08:13 EDT
Argus analyst Jim Kelleher upgraded Seagate to Buy with a price target of $60, saying the company looks to be "closer" to the end of the downturn in its end markets and expects its "revitalized portfolio" to be well positioned once demand recovers. The analyst sees this as an appropriate time for an upgrade before the anticipated recovery of demand starts to get priced in to the stock.