Auriga Maintains Buy on Seagate Technology

Auriga is out with its report today on Seagate Technology

, maintaining Buy. In its report, Auriga writes, "Seagate should be able to deliver expanding margins and very attractive ROIC, and at the current valuation we believe the shares remain at an attractive entry point for longer term focused value investors." Auriga maintains a $29 PT on STX. At the time of posting, shares of STX were trading at $11.21, up 0.90% from Wednesday's close.