Market Overview

Jefferies & Company Reiterates Buy Rating, $25 PT on Symantec Corporation

Related SYMC
John Stumpf And 15 Major CEO Departures In 2016
Security Sector Check Amid Fortinet's Q3 Warning

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 2016BarclaysMaintainsEqual-Weight
Sep 2016UBSMaintainsBuy
Sep 2016GuggenheimInitiates Coverage onBuy

View More Analyst Ratings for SYMC
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Reiteration Analyst Ratings


Related Articles (SYMC)

View Comments and Join the Discussion!