Standpoint Research Upgrades Symantec (SYMC) to Buy; Attractive Valuation

Standpoint Research upgraded Symantec (NASDAQ: SYMC) from Hold to Buy with a price target of $20.00.

Analyst, Ronnie Moas, said, "Even though I think smart money may be selling the rally today, I do want to reinstate three names that came down hard since our downgrades and those names are Freeport-McMoRan (NYSE: FCX), SYMC and Tempur Pedic (NYSE: TPX). FCX was dropped at $42.56 on 28-Oct with a 30% gain and + 2000 bps versus the S&P-500."

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 $15.33 yesterday.

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