UPDATE: Deutsche Bank Reiterates Hold Rating, Lowers PT on STEC on Disappointing F4Q-12 Results, F1Q-13 Guidance
March 15, 2013 at 11:59 AM EDT
In a report published Friday, Deutsche Bank analyst Sherri Scribner reiterated a Hold rating on STEC (NASDAQ: STEC ), but slightly lowered the price target from $5.00 to $4.50. In the report, Scribner noted, “STEC's F4Q-12 results and F1Q-13 guidance were disappointing, with sales and EPS both below Consensus. The