Shares of Seagate Technology (STX -7.6%) and Western Digital (WDC -4.2%) sink following cautious...

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

Shares of Seagate Technology (STX -7.6%) and Western Digital (WDC -4.2%) sink following cautious comments at FBN Securities, which lowers its target price on STX to $35 from $40 and WDC to $50 from $55 due to lower near-term supply HDD TAM assumptions and more aggressive pricing assumptions.