Jefferies Lifts Symantec (SYMC) PT to $25

January 18, 2013 7:47 AM EST Send to a Friend
Get Alerts SYMC Hot Sheet
Price: $22.50 --0%

Rating Summary:
    9 Buy, 25 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 12 | Down: 7 | New: 23
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Jefferies raised its price target on Buy-rated Symantec (NASDAQ: SYMC) from $23 to $25.

The firm comments, "We look for a broad framework encompassing the growth strategy, operational structure and capital reallocation to be provided as part of SYMC’s strategic update on January 23. The company will also report F3Q where, similar to last quarter, the results will be secondary to the strategic direction. Given the recent performance, the event may be less of a catalyst for the stock but long term value remains; we adjust our target to $25."

For an analyst ratings summary and ratings history on Symantec click here. For more ratings news on Symantec click here.

Shares of Symantec closed at $20.85 yesterday.


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