NEW YORK (Dow Jones)--Hambrecht & Quist Inc. upgraded two disk-drive stocks, Quantum Corp. (QNTM) and Seagate Technology Inc. (SEG), to buy from hold.
H&Q analyst Todd Bakar set a 12-month price target of $35 a share for Seagate, which was recently trading at 28 3/8, up 1 5/16, or 4.6%.
For Quantum, Baker set a 12-month price target of $32 a share. The stock was recently at 25 11/16, up 13/16, or 3.3%.
Last week, H&Q upgraded another member of the embattled disk drive sector, Hutchinson Technology Inc. (HTCH), to buy from hold.
(END) DOW JONES NEWS 05-06-98
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