Seagate Drops 19%: That 11% Yield Probably ‘Unsustainable,’ Says RBC

Tech Trader Daily
By Tiernan RayApr 29, 2016, 8:02 pm162 pts
The downgrades keep coming for Seagate Technology (STX) after the stock got two this morning, following a report of fiscal Q3 revenue a hair under consensus, and a forecast for this quarter well below consensus. The latest note is from RBC Capital Markets’s Amit Daryanani, who cuts his rating to Sector…

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