UPDATE: Longbow Research Reiterates on Seagate Technology on Good Market Position

In a report published Wednesday, Longbow Research analyst Joe Wittine reiterated a Buy rating on Seagate Technology (NASDAQ: STX ), and raised the price target from $54.00 to $58.00. In the report, Longbow Research noted, “We continue to rate the shares of STX as BUY, with a revised 12-month target