Lake Street Maintains Buy on Quantum, Lowers Price Target to $2
Portfolio Pulse from jenniferd'souza@benzinga.com
Lake Street analyst Eric Martinuzzi maintains a Buy rating on Quantum (NASDAQ:QMCO) but lowers the price target from $3 to $2.
June 07, 2023 | 3:12 pm
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NEUTRAL IMPACT
Lake Street analyst maintains Buy rating on Quantum (NASDAQ:QMCO) but lowers price target from $3 to $2.
The news of Lake Street maintaining a Buy rating on Quantum is positive for the stock. However, the lowering of the price target from $3 to $2 indicates a reduced growth potential. This mixed sentiment may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100