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.
Latest Ratings for SYMC
|Sep 2014||RBC Capital||Downgrades||Outperform||Sector Perform|
|Sep 2014||Standpoint Research||Downgrades||Buy||Hold|
|Sep 2014||MKM Partners||Initiates Coverage on||Neutral|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.