Fox Advisors Downgrades Seagate Technology (STX) Amid Concerns Over HDD Pricing Expectations
Fox Advisors downgraded Seagate Technology (NASDAQ:STX) to Equal-Weight from Outperform, citing concerns that expectations for hard disk drive pricing may be outpacing likely increases. Wells Fargo had previously raised its price target on the stock to $900 and reiterated an Equal Weight rating.
Topics: AI storage demand Investment analysis Seagate Technology Stock downgrade