Jefferies & Company Reiterates Buy Rating, $25 PT on Symantec Corporation
In a report published Wednesday, Jefferies & Company reiterated its Buy rating and $25.00 price target on Symantec Corporation (NASDAQ: SYMC).
Jefferies noted, “SYMC provided early F3Q results ahead of its strategic review update meeting later today. Results were better than expected with the license-heavier Storage Management segment providing the revenue upside. SYMC also showed expense discipline resulting in margins and cash flow upside. The margin momentum, and ability to absorb specific customer-facing investments, well positions the company for further operational improvement into FY14.”
Symantec Corporation closed on Tuesday at $20.86.
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Tags: Jefferies & Company