Seagate price target lowered to $72 from $82 at Mizuho

Mizuho lowered the firm’s price target on Seagate to $72 from $82 and keeps a Buy rating on the shares. The company guided to a weaker June quarter on continued inventory digestion at nearline customers, the analyst tells investors in a research note. The firm says Seagate’s near-term headwinds are clouding its long-term margin targets.