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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Bocor who wrote (49743)	10/12/2012 11:03:06 AM
From: deeno	Read Replies (1) \| Respond to of 78744

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.