Jefferies Downgrades Symantec (SYMC) to Hold Following CEO Departure
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BMO Capital Upgrades Symantec (SYMC) to Outperform
March 24, 2014 6:49 AM EDTBMO Capital upgraded Symantec (NASDAQ: SYMC) from Market Perform to Outperform with a price target of $22.00 (from $24.00).
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 $18.20 yesterday.... More
Cowen Downgrades Symantec (SYMC) to Market Perform
March 21, 2014 7:04 AM EDTCowen downgraded Symantec (NASDAQ: SYMC) from Outperform to Market Perform with a price target of $20.00 (from $25.00).
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 $20.91 yesterday.... More
UPDATE: MKM Partners Downgrades Symantec (SYMC) to Sell
March 21, 2014 6:45 AM EDT(Updated - March 21, 2014 11:05 AM EDT)
MKM Partners downgraded Symantec (NASDAQ: SYMC) from Buy to Sell with a price target of $17.00 (from $26.00). The change follows the termination of CEO Steve Bennett.
Analyst Israel Hernandez said, "Mr. Bennett joined the company two years ago. After a successful first year that resulted in improved financial... More
UPDATE: Baird Downgrades Symantec (SYMC) to Neutral; Sidelined Until Management Structure Firms
March 21, 2014 6:44 AM EDT(Updated - March 21, 2014 9:13 AM EDT)
Baird downgrades Symantec (Nasdaq: SYMC) from Outperform to Neutral and lowered its price target from $26 down to $22 on Friday following the unexpected termination of CEO Steve Bennett last night.
Analyst Steven Ashley commented that the... More
UBS Downgrades Symantec (SYMC) to Neutral
March 21, 2014 6:43 AM EDTUBS downgraded Symantec (NASDAQ: SYMC) from Buy to Neutral.
Analyst Brent Thill said, "Our Buy-rating was predicated on the turnaround abilities of prior CEO Steve Bennett, view there was 1,000bp of OM expansion over the next few years, and belief that... More
Symantec (SYMC) Terminates CEO Bennett; Affirms Q4 Outlook
March 20, 2014 4:02 PM EDTSymantec Corp. (NASDAQ: SYMC) announced that its board of directors has appointed board member Michael Brown as interim president and chief executive officer, effective immediately. This appointment follows the termination of Steve Bennett as the company's president and chief executive officer and his resignation from Symantec's board of directors. A special committee of the board will immediately begin the search for a permanent CEO with the assistance of a leading executive search firm.
On behalf of Symantec's board, chairman Daniel Schulman said, "We recognize Steve's contributions to Symantec, including developing and leading a series... More
