Market Overview

Brean Murray Carret Raises Seagate Technology's EPS


In a research report released this morning, Brean Murray Carret has once again increased Seagate Technology's (NYSE: STX) EPS estimates far above the Street's.

According to Brean Murray Carret, “We believe important aspects of the STX story remain fundamentally underappreciated and that the stock can appreciate 25%-30% by July. As a result, we're raising our already above CY12 Street EPS to $11.25 from $10.50 (Street at $9.48), as we see multiple EPS upside levers. That said, we could see EPS as strong as $12.00 if we embedded our reasonable upside scenarios.”

Brean Murray Carret maintains its Buy rating and $35 PT on Seagate Technology, which closed yesterday at $27.35.

Posted-In: Brean Murray CarretAnalyst Color Reiteration Analyst Ratings


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