Desktop Laptop Option: Changing Storage Location Path

From the Backup Exec Console I clicked on the DLO option, then looked at one of the servers under Storage Locations. One of those servers has an incorrect storage path which a user has been backing up to for a month or two. Is there anyway to easily modify that existing Storage Location to point elsewhere or is my only option to delete it, lose the backups that user has so far, create a new storage location, and point them towards it?

Backup Exec 2010