Seagate Technology "buy"

09/10/07 - Brean Murray, Carret & Co

NEW YORK, September 10 (newratings.com) - Analyst Mark Miller of Brean Murray maintains his "buy" rating on Seagate Technology Inc (STX). The target price is set to $34.

In a research note published this morning, the analyst mentions that the company remains upbeat about its near-term prospects on account of robust demand and improving pricing. Seagate aims to leverage its leadership in error correction and interface software after entering the flash memory market next year, the analyst says. The company is likely to benefit from stable pricing in the longer term, Brean Murray adds.