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mlkrborn

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mlkrborn

Re: None

Friday, 10/07/2011 11:01:15 AM

Friday, October 07, 2011 11:01:15 AM

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QTM $2.15 with upgrade:
Wunderlich Securities analyst Brian Freed this morning raised his rating on data storage systems provider Quantum Corp. to Buy from Hold, with a new price target of $3, up from $2.20. The stock closed Thursday at $2.04.

“Our checks suggest stable demand for tape and improving demand for disk and software, which should enable the company to meet or exceed our September quarter estimates,” Freed writes in a research note. “Moreover, continued share gains in tape, recent product announcements in the disk and software segment, evidence of traction related to the reseller relationship with NetApp, and strategic hires in sales over the past several months offer a tangible basis to support sustained growth for Quantum.”
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