The disk-drive sector is hit by a pair of analyst downgrades: Deutsche Bank cuts Seagate (STX...

|About: Seagate Technology (STX)|By:, SA News Editor

The disk-drive sector is hit by a pair of analyst downgrades: Deutsche Bank cuts Seagate (STX -2.8%) to Hold, after the stock rose 50% in the last three months; and Needham cuts Western Digital (WDC -3.1%) to Hold, on concerns the company's pending acquisition of Hitachi’s disk-drive business - if it goes through - could involve concessions that limit the benefits of the deal.