Cowen Starts Symantec (SYMC) at Market Perform

Cowen analyst Nick Yako initiates coverage on Symantec (NASDAQ: SYMC) with a Market Perform rating and a price target of $22.00.

The analyst comments "Several of SYMC's key business segments are likely to remain challenged as security budgets migrate away from on-premise appliances. Furthermore, recent developments including the unexpected departure of its CEO and the reset of FY20 expectations make it difficult to gauge the trajectory of the business going forward."

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 $20.29 yesterday.

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