BTIG analyst Edward Parker keeps his Buy rating and $63 price target on Seagate after its first investor meeting in 4 years, saying the reception to its presentation may be mixed with welcomed long-term target revenue growth rate of 2%-6% but also concern about the company's 'uneven' performance over the past few years. The analyst adds that Seagate's technology portfolio looks well positioned to participate in the resumption of hyperscale investing later this year and longer-term "secular demand" for mass storage, but its revision calling for earnings growth in FY20 appears "low quality" as it offers no quantitative visibility about its fundamentals or outlook for free cash flows.