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Fly News Breaks for November 8, 2019
NLOK
Nov 8, 2019 | 06:53 EDT
RBC Capital analyst Matthew Hedberg resumed coverage of NortonLifeLock with a Sector Perform rating and $25 price target. The analyst says the company beat on Q3 revenue with a "good quarter" following the completion of its Enterprise Security Assets sale to Broadcom earlier in the week. Hedberg adds that NortonLifeLock will have to focus on progress toward the elimination of "stranded costs" and wants to see more signs of execution before considering a more "aggressive" rating.
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