Seagate Stock Is Falling. Morgan Stanley Gets Cautious on Hardware.

Seagate Technology banal is headed little connected Wednesday morning, aft Morgan Stanley hardware expert Katy Huberty chopped her standing connected the disk-drive shaper to Equal Weight from Overweight, with a caller terms people of $88, down from $118. 

Huberty’s telephone connected Seagate (ticker: STX) is portion of an wide displacement to a more-wary attack to  hardware stocks, reducing her stance connected the radical to “Cautious” from “Inline.” In summation to the Seagate standing change, she chopped her standing connected the distributor CDW (CDW) to Equal Weight from Overweight,...