The Zhitong Finance App learned that Morgan Stanley reiterated Seagate Technology's (STX.US) “gain” rating, targeting $270, and setting a bull market target price of $341. The bank notes that due to the strong cycle, Seagate expects its hard disk drive (HDD) sales to enjoy a gross margin of more than 50% over the next 12 months.

The Zhitong Finance App learned that Morgan Stanley reiterated Seagate Technology's (STX.US) “gain” rating, targeting $270, and setting a bull market target price of $341. The bank notes that due to the strong cycle, Seagate expects its hard disk drive (HDD) sales to enjoy a gross margin of more than 50% over the next 12 months.