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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.

Posted-In: Goldman SachsAnalyst Color Price Target Analyst Ratings

 

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