Seagate Tech (STX) Receives a Rating Update from a Top Analyst

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In a report released yesterday, Vijay Rakesh from Mizuho Securities maintained a Hold rating on Seagate Tech (STXResearch Report). The company’s shares closed last Monday at $52.94.

Rakesh wrote:

“We believe N-T tariff and supply chain overhangs remain a drag on demand, but L-T, improving nearline HDD with hyperscale and DC demand into 2020E should be positive.”

According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 20.8% and a 63.1% success rate. Rakesh…



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