Brean Murray Carret Reiterates Buy, $23 Target on Seagate - Seagate Tech Hldgs (NASDAQ:STX)

27% profits every 20 days?

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Brean Murray Carret maintains its Buy rating and $23 target price on Seagate (NASDAQ: STX) on increased confidence that the company can drive strong EPS for 2012. Brean Murray Carret notes, "We met with Seagate and left with increased conviction that STX has an opportunity to drive $7.00 + in CY12 EPS. In fact, as fantastic as it sounds, we believe STX could have an opportunity to generate $8.00 ‐ $9.00+ if all scenarios with units / pricing / margins / buyback play out towards the higher end potential scenarios. Currently our $23 STX target is

27% profits every 20 days?

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