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Fly News Breaks for February 7, 2020
NLOK
Feb 7, 2020 | 06:46 EDT
Mizuho analyst Gregg Moskowitz raised his price target for NortonLifeLock to $21 from $19 saying the company reported a "very good" fiscal Q3, as billings growth beat consensus and operating margins were stronger than expected. Further, NortonLifeLock significantly lowered its stranded costs estimate in conjunction with significantly raising its asset realization estimate, Moskowitz tells investors in a research note. He keeps a Buy rating on the shares saying the valuation still looks attractive.
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