UPDATE: Morgan Stanley Upgrades Seagate Technology
January 21, 2014 at 10:00 AM EST
In a report published Tuesday, Morgan Stanley analyst Katy Huberty upgraded Seagate Technology(NASDAQ: STX ) to Overweight, with a $72.00 price target. According to the report, several catalysts are seen by analysts for HDD stocks including improving PC trends, uptick in cloud demand, margin expansion from volume and mix,