Is Seagate Stock a Sell? 1 Analyst Thinks So

Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...

Seagate Technology (NASDAQ: STX) investors have endured a rough ride this past year. Up an impressive 33% over the past 12 months, shares spiked in January as signs of a resurgent market for PC hard drives began to appear -- then jumped even higher on analyst upgrades in April. The enthusiasm quickly waned, however, and today, Seagate stock is actually trading barely above where it began this year.

And one analyst thinks things will get worse before they get better.

Source: Fool.com