I would like to welcome Brean Analyst Ananda Baruah to the Seagate idiot club, joining Barrons & Needham:
Brean Capital analyst Ananda Baruah maintained a Buy rating on Seagate Tech (NASDAQ: STX) today and set a price target of $65. The company’s shares opened today at $29.06, close to its 52-week low of $26.25.
Baruah said, “We maintain our conviction that STX’s normalized EPS remains at least $5.00 (a key level) and that there are many levers to achieve that. STX Is now shipping volumes in high-cap Cloud drives (8TB) and guided GM to be back 27% by the Jun Q. We also believe that STX will work the GM and Opex very hard in CY17, and that ASPs can increase in the next two years as 1) lower ASP PC drives become a smaller part of the mix (just 30% of revenue currently) and 2) as Cloud drives mix to 8TB and 10TB from ’16 into ’17.”
The Analyst at Brean has been pumping STX since late 2014, when he touted the stock as his top pick for 2015. He has been pumping the stock 24/7 since then as it crashed from $69 to $25. He's a hopeless pumper who is trying to curry favor with STX management so that they will go on the road to meet with his clients.
In a report published on October 28, Ananda Baruah from Brean Murray Carret reiterated a Buy rating on Seagate Technology (NASDAQ: STX), with a price target of $70. The company’s shares closed yesterday at $65.85, close to its 52-week high of $66.52.
Brean's Top Picks for 2015-Tipranks-12/24/14
"Brean Capital's Ananda Baruah gave Seagate a buy rating and a $83 price target, noting "our broader bullish interest is driven by 1) EV/FCF valuation, an 2)potential for long term industry gross margin expansion
Hooray for Britain who rejected the empowered elite's quest for a new world order and one world government.
Britain's decision along with Trump's GOP victory and Bernie Sanders's strong showing in the Democratic primary against the shills of the empowered elite, the Bushs and the Clintons, shows the world is rejecting the agenda of the empowered elite to extend their control and wealth while impoverishing the rest of us and forcing us into constant, contrive military conflicts.
We have met the enemy and they is us!
Brean; Barrons 9/1/15
Brean sees good news to come for Seagate:
Analyst Ananda Baruah reiterated a buy rating and $65 price target on the stock today.
Seagate (STX) had its analyst day Wednesday, and Brean Capital’s Ananda Baruah today reiterated his Buy rating on the stock, writing that he left “feeling investors should be buying the stock at these levels.”
He has a number of reasons for this conviction. First, he expects that Seagate will deliver greater upside in its September and December quarter than he previously expected, and he also left with conviction that the shares can reach his $65 price target.
He writes that Seagate also continues to have “strong conviction” in a revenue growth model of 2%-5% and normalized EPS of $7 in 2017 (whereas the street sees revenue declining and 2017 EPS at just $5).
In a report published Monday, Brean Capital analysts maintained a Buy rating on both Western Digital Corp WDC 1.07 and Seagate Technology Public Limited Company
The price target for Western Digital is set to $150, while that for Seagate is at $83.
You just don't get it, do you?
Didn't Einstein say his definition of insanity is doing the same thing over and over again and expecting different results?
As all Analysts do, it's one thing to blow a call on a single stock, but to keep on pumping a stock 24/7 for 18 months as it has crashed either means you are a complete idiot or pursuing a hidden agenda.
In Baruah's case it's the latter, he wants to cozy up to STX so that he can usher STX management into meetings with his clients for which his firm is paid. Luczo plays this power game with the Analysts. There are Analysts who supported the stock for years, but if this support wavers, they go to the bottom of the STX favors list.
So you tell me, which is worst?
It might be better in STX's case for you and your buds to post what the Analyst's with sells on STX have been posting, because, unlike Mr. Baruah, they have been both right and honest.