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Fly News Breaks for November 6, 2019
SYMC, NLOK
Nov 6, 2019 | 06:49 EDT
Mizuho analyst Gregg Moskowitz resumed coverage of NortonLifeLock with a Buy rating with a price target of $28, as compared with a $23 target pre-divestiture. Given the competitive challenges that exist within Symantec's enterprise security business, coupled with a very low operating margin profile, the transaction represented a very favorable outcome, Moskowitz tells investors in a research note. He finds NortonLifeLock's valuation attractive.
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