Exane BNP Paribas Downgrades Seagate Tech Hldgs to Underperform, Announces $65 Price Target
Portfolio Pulse from Benzinga Newsdesk
Exane BNP Paribas analyst Karl Ackerman has downgraded Seagate Technology Holdings (STX) from Neutral to Underperform and set a price target of $65.
January 11, 2024 | 1:07 pm
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Seagate Technology Holdings was downgraded by Exane BNP Paribas from Neutral to Underperform with a new price target of $65.
Downgrades by analysts can lead to a negative perception among investors and potentially cause a short-term decline in the stock's price. The new price target of $65 also suggests a bearish outlook on the stock's value.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100