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UPDATE: Deutsche Bank Initiates LifeLock at Buy; Pioneer in Identity Protection

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Deutsche Bank initiated coverage on LifeLock (NYSE: LOCK) with a Buy rating and a $15 price target.

Deutsche Bank said, "LifeLock is the pioneer and leader in proactive identity theft protection. By operating the industry's largest consumer data element repository backed by strategic partnerships, proprietary analytics and services, LifeLock helps extend identity protection beyond reactionary credit-related reports. We believe this provides a strong platform for sales and margin growth, while also expanding barriers to entry."

LifeLock closed at $7.00 on Friday.

Latest Ratings for LOCK

DateFirmActionFromTo
Nov 2016Canaccord GenuityDowngradesBuyHold
Nov 2016Deutsche BankDowngradesBuyHold
Nov 2016Deutsche BankDowngradesBuyHold

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Posted-In: Deutsche BankAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

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