Jefferies Starts Symantec (SYMC) at Buy

Jefferies initiates coverage on Symantec (NASDAQ: SYMC) with a Buy. PT $23.00.

The firm states, "We are initiating on Symantec with a Buy rating as the company should see an acceleration in aggregate revenue growth with margin expansion. Symantec is also at the forefront of the mobile opportunity within its highly profitable Consumer franchise which should bring a multi-year growth tail and earnings upside. When coupled with a discount valuation, we believe the risk-reward remains favorable and we are initiating with a Buy."

For more ratings news on Symantec click here and for the rating history of Symantec click here.

Shares of Symantec closed at $16.78 yesterday.

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