Jefferies Lifts Symantec (SYMC) PT to $25

Article Stock Quotes (1) Comments (0)

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, with a 52 week range of $13.06-$21.14.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: BofA/Merrill Lynch Upgrades Adobe (ADBE) to Buy
• UPDATE: Howard Weil Upgrades LINN Energy (LINE) to Outperform
• UPDATE: Bernstein Cuts BlackBerry (BBRY) to Underperform; Notes Weak BB10 Traction

Create E-mail Alert Related Categories

Analyst Comments, Analyst PT Change

Related Entities

Jefferies & Co

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?