- Citi's Joo Yoo has upgraded Seagate (STX -0.3%) and Western Digital (WDC +1.3%) to Buy, while respectively raising his PTs to $62 and $100.
- Echoing recent Intel upgrades, Yoo expects Seagate and Western improving/stabilizing PC demand. He also sees the hard drive giants to getting a boost from sales to cloud infrastructure services firms; Western is targeting these companies (and others) with its new helium drives.
- Yoo downgraded Seagate and Western to Sell in Oct. '12, and upgraded them to Neutral in July. Shares have had a pretty good run over the last 14 months.
- STX +1.6% premarket.
From other sites
at CNBC.com (Jan 16, 2015)
Video at CNBC.com (Jan 16, 2015)
at CNBC.com (Jan 12, 2015)
at CNBC.com (Dec 2, 2014)
Video at CNBC.com (Dec 2, 2014)
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