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M Stanley Upgrades Seagate (STX.US) to Top Pick
Hard disk drive manufacturer Seagate (STX.US) has surged nearly 600% this year, although its gains have lagged behind competitor Western Digital (WDC.US). M Stanley analyst Erik Wo...
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M Stanley Upgrades Seagate (STX.US) to Top Pick
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Hard disk drive manufacturer Seagate (STX.US)      has surged nearly 600% this year, although its gains have lagged behind competitor Western Digital (WDC.US)      . M Stanley analyst Erik Woodring believes the current share price has yet to fully reflect the companys fundamentals.

Woodring said investors continue to underestimate the underlying strength that the current market environment provides to both Seagate and Western Digital. He upgraded Seagate to his "top pick", replacing Western Digital.

Related NewsInflation Rate YoY for Mar in United States is 3.3%, higher than the previous value of 2.4%. The forecast was 3.3%.
He noted that several "key catalysts" for Western Digital, including deleveraging through its stake in Sandisk, had already materialized in the previous quarter. Meanwhile, Seagate is trading at a discount relative to Western Digital and, supported by a stronger product portfolio, is expected to deliver faster gross margin expansion than Western Digital over the next 12 months.

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Related NewsCore Inflation Rate MoM for Mar in the United States is 0.2%, unchanged from its last period. The forecast was 0.3%.
This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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