Citi expects Seagate, Western Digital profit taking to continue

theflyonthewall.com

Citigroup expects profit taking in shares of Seagate (STX) and Western Digital (WDC) to continue due to unit demand risk, seasonal weakness, and a lack of positive catalysts. Citi sees the potential for 20% further downside in both stocks and reiterates Sell ratings on the names.

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