Rosenblatt analyst Kevin Cassidy maintained Seagate Technology Holdings PLC (NASDAQ:STX) with a Buy and lowered the price target from $80 to $60 based on his downward revised estimates. Seagate's management reported that demand for HDDs weakened through September following their negative pre-announcement. The issues are similar: China lockdowns, weaker consumer demand, and data center inventory reductions. Management has moved to adjust production and costs to meet the lower-demand environment. Expect internal and customer inventory to decline significantly through the December quarter. Importantly, for the longer term, the company remains on track to ramp 30TB HAMR HDD production in mid-2023. Demand...