Cowen & Co Maintains an Outperform rating on McAfee (MFE), Best Idea Once the Market Stabilizes
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Cowen & Co maintains an Outperform rating on McAfee, Inc. (NYSE: MFE).
Cowen analyst says, "Equity markets have been in turmoil over the last month. McAfee share price is off 13% vs. the software index (IGV) and the S&P500, both down 20%. When fundamentals take center stage again, we believe McAfee is best positioned to outperform our coverage universe and we believe shares could outperform the market by 20% over the next 12 months...’Value’ valuation with potential for growth. MFE trades in line with many peers on a cash flow basis but in the last year has absorbed significant sales capacity additions and is positioned for continued share price gains, which should enable the company to outgrow peers."
McAfee, Inc. is a security technology company that secures systems and networks from known and unknown threats around the world.
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