Quantum Corp price target lowered to $7 from $9 at Lake Street

Lake Street lowered the firm’s price target on Quantum Corp (QMCO) to $7 from $9 and keeps a Hold rating on the shares. Quantum’s business is improving, but it “still has too much debt for a company with free cash flow challenges,” says the analyst, who cites multiples having contracted in the tech space for its lowered target.