UPDATE: Goldman Sachs Raises Price Target on Seagate Tech to $16
According to Goldman Sachs, Seagate Technology (NYSE: STX) price target is raised to $16.
Goldman Sachs said that Seagate preannounced 2QFY2012 results and updated 3QFY2012 guidance. “We maintain our Neutral rating, although we raise our 6-month target price to $16 from $15.”
Seagate Technology closed yesterday at $16.82.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.