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Fly News Breaks for November 27, 2019
NLOK
Nov 27, 2019 | 06:50 EDT
Credit Suisse analyst Brad Zelnick reinstated coverage of NortonLifeLock with a Neutral rating and $26 price target. The analyst appreciates the company's "inexpensive valuation and resilient subscription model," but he believes competition remains tough amidst an increased security focus from Microsoft and a "plethora" of freemium options for endpoint security and credit monitoring.
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