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Strategies & Market Trends : Value Investing

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To: Bocor who wrote (49743)10/12/2012 11:03:06 AM
From: deeno  Read Replies (1) of 78748
 
Citigroup downgraded hard disk drive suppliers Seagate Technology Inc. (STX)
and Western Digital Corp. (WDC) to sell from buy with new targets of $25 and
$32, respectively, saying "we see meaningful downside to the sector near-term
given overwhelming signs of further demand deterioration of not only PCs, but
enterprise as well." Segate shares fell 3.5% to $27.25 premarket, while
Western Digital shares were down 3.1% to $35.45.
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