Northland Capital Markets Downgrades Quantum to Market Perform, Lowers Price Target to $0.8
Portfolio Pulse from richadhand@benzinga.com
Northland Capital Markets has downgraded Quantum (NASDAQ:QMCO) from Outperform to Market Perform and lowered the price target from $2.25 to $0.8.
August 09, 2023 | 4:01 pm
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Quantum's rating has been downgraded by Northland Capital Markets from Outperform to Market Perform, with a lowered price target from $2.25 to $0.8.
The downgrade from Outperform to Market Perform by Northland Capital Markets, along with a significant reduction in the price target, indicates a less optimistic outlook for Quantum. This could negatively impact investor sentiment and potentially lead to a decrease in the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100