Analysts: Seagate & Western Digital Are Poised For Pullback and 2 Other Notes To Check Out
Seagate Technology (NASDAQ:STX) and Western Digital (NYSE:WDC): Citigroup (NYSE:C) says that hard disk drive shares are poised for a pullback, following strong Q1 results. First quarteroptimismis already priced into the shares and hopes for PC industryrecoveryare waning says Citi, which has a Sell rating on both Seagate and Western Digital.
Exact Sciences (NASDAQ:EXAS): Mizuho says that colonoscopy test screening data from Exact hit the FDA’s targets, but fell just shy of the company’s own goals which are not required for approval or commercialization. A conference call this morning has reinforced the firms positiveinclinationstowards the company, and it keeps its Buy rating and $13 price target.
Magnum Hunter (NYSE:MHR): Canaccord is not concerned about the worries over the company’s auditor change, and maintains that Wednesday’s sell-off is a buying opportunity. The firm notes that the new auditor, BDO, has 25-30 years in energy industry experience. Canaccord keeps a Buy rating, citing strong fundamentals.
Investing Insights: Is EMC a Safe Investment in this Environment?