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Fly News Breaks for July 22, 2015
LOCK
Jul 22, 2015 | 07:31 EDT
As noted earlier, RBC Capital downgraded LifeLock to Sector Perform from Outperform. As reasons for the downgrade, the firm cited a lack of visibility into the company's potential liability from the FTC action and operational changes that could result from the action. The firm also believes that the company has limited catalysts over the next year beyond results that may beat expectations. RBC says that the market has historically ignored the company's better than expected results. Target to $11 from $20.
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