Deutsche Bank Starts LifeLock (LOCK) at Buy; Sees a Double

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On Monday, Deutsche Bank initiated coverage on LifeLock (NYSE: LOCK) with a Buy. PT $15.00.

The firm comments, "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."

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

Shares of LifeLock closed at $7.00 yesterday, with a 52 week range of $6.88-$9.04.

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