UPDATE: FBN Securities Raises Price Target on Seagate Tech to $25

According to FBN Securities, Seagate Technology STX price target is raised to $25. FBN Securities said that it retains its Outperform rating on STX and raises its PT from $22 to $25. “The company just provided a positive update to its just-completed FQ2/Dec. quarter and is guiding for strong operating results in FQ3/Mar. with expanding GM and disciplined opex management.” Seagate Technology closed yesterday at $16.82.