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SYMC

Symantec

$23.75

-0.08 (-0.34%)

, LOCK

LifeLock

$20.75

0.03 (0.14%)

20:46
11/20/16
11/20
20:46
11/20/16
20:46

Symantec to acquire LifeLock for $2.3B in cash, WSJ says

Symantec (SYMC) has reached an agreement to acquire LifeLock (LOCK) for $2.3B in cash, valuing the company at $24 per share, reports the Wall Street journal, citing a source. Reference Link

SYMC

Symantec

$23.75

-0.08 (-0.34%)

LOCK

LifeLock

$20.75

0.03 (0.14%)

SYMC Symantec
$23.75

-0.08 (-0.34%)

09/16/16
UBSW
09/16/16
NO CHANGE
Target $28
UBSW
Buy
Symantec price target raised to $28 from $25 at UBS
UBS analyst Brent Thill raised his price target on Symantec to $28 from $25 following meetings with management. The analyst said the meetings bolstered his bullish view, as he sees stronger technological resonance, plenty of revenue and cost synergies, and improved competitive positioning in the cyber landscape. Thill reiterated his Buy rating on Symantec shares.
10/13/16
FBNS
10/13/16
INITIATION
Target $29
FBNS
Outperform
Symantec initiated with an Outperform at FBN Securities
FBN Securities initiated Symantec with an Outperform and a $29 price target.
10/13/16
10/13/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Aaron's (AAN) initiated with a Buy at Jefferies. 2. eBay (EBAY) and Etsy (ETSY) coverage assumed with a Neutral at Wedbush. 3. Five Below (FIVE) and Dollar Tree (DLTR) were initiated with an Overweight at KeyBanc while the firm initiated Dollar General (DG) with a Sector Weight. 4. Baxter (BAX) initiated with an Outperform at Wells Fargo. 5. Symantec (SYMC) initiated with an Outperform at FBN Securities. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/15/16
RBCM
11/15/16
NO CHANGE
RBCM
Symantec acquisition of LifeLock 'could make sense,' says RBC Capital
After Bloomberg reported that Symantec (SYMC) could bid for LifeLock (LOCK), RBC Capital analyst Ross MacMillan says he believes that Symantec is still working on integrating Blue Coat, and he notes that it recently launched a product that competes with LifeLock. However, he says that combining the products of Symantec and LifeLock to create improved offerings "could make some sense" and may boost the growth of Symantec's Norton product. The analyst thinks the deal could raise Symantec's fiscal 2019 EPS by 15c-35c. He keeps a $28 price target and an Outperform rating on Symantec.
LOCK LifeLock
$20.75

0.03 (0.14%)

08/15/16
GSCO
08/15/16
INITIATION
Target $18
GSCO
Neutral
LifeLock initiated with a Neutral at Goldman
Goldman Sachs analyst Gabriela Borges started LifeLock with a Neutral rating and $18 price target.
08/15/16
08/15/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Symantec (SYMC) reinstated with a Buy at Goldman. 2. Diebold (DBD) resumed with a Neutral at JPMorgan. 3. LifeLock (LOCK) initiated with a Neutral at Goldman. 4. Patheon (PTHN) initiated with an Overweight at Piper Jaffray, an Outperform at Baird, an Overweight at JPMorgan, an Overweight at KeyBanc, a Buy at UBS, an Outperform at Wells Fargo, an Outperform at Raymond James, an Overweight at Morgan Stanley, and an Outperform at William Blair. 5. Impinj (PI) initiated with an Overweight at Piper Jaffray, an Outperform at RBC Capital, an Overweight at Pacific Crest, a Buy at Canaccord, and a Buy at Needham. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/14/16
ADAM
11/14/16
NO CHANGE
Target $23
ADAM
Buy
LifeLock takeout price undervalues company, says Canaccord
Canaccord analyst David Hynes noted the buyout rumor of LifeLock for roughly $2B that works out to about $22-$23 per shares. The analyst feels the price undervalues the company and that it is worth $25-$30 in a takeout. His recommendation however is based on an improving fundamental backdrop and not an M&A outcome. Hynes reiterated his Buy rating and raised his price target to $23 from $21 on LifeLock shares.

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