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Morgan Stanley named the hard drive maker their "top pick" in IT hardware.
Morgan Stanley named Seagate their 'top pick' in IT hardware over Western Digital.
KEY POINTS
- A global shortage of storage and memory components could persist until 2028.
- Morgan Stanley raised Seagate's price target to a Street high of $582.
- Seagate's stock is up 65% year-to-date, outperforming the S&P 500's 3.5% loss.
COMPANIES
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