Morgan Stanley Upgrades Seagate Tech Hldgs to Overweight, Raises Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Erik Woodring upgrades Seagate Tech Hldgs (STX) from Equal-Weight to Overweight and raises the price target from $73 to $115.
March 26, 2024 | 9:26 am
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Seagate Tech Hldgs upgraded by Morgan Stanley to Overweight with a price target increase from $73 to $115.
An upgrade from Equal-Weight to Overweight by a major financial institution like Morgan Stanley, coupled with a significant increase in the price target, typically signals a strong positive outlook on the stock. This can lead to increased investor confidence and potential short-term price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100