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Fly News Breaks for November 8, 2019
NLOK
Nov 8, 2019 | 06:48 EDT
Mizuho analyst Gregg Moskowitz says NortonLifeLock's valuation "looks very attractive" and that he recommends buying the shares. Guidance for proceeds from monetized assets was raised, and guidance for cash requirements on stranded costs was lowered, resulting in a "meaningfully positive cash flow variance," Moskowitz tells investors in a post-earnings research note. He keeps a Buy rating on NortonLifeLock with a $28 price target.
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