UPDATE: Goldman Sachs Raises Price Target on Seagate Tech to $16

According to Goldman Sachs, Seagate Technology

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.