Wedbush analyst Daniel Ives notes that with more media reports discussing Broadcom (AVGO) and Symantec (SYMC) walking down the aisle on the near-term horizon, he continues to believe given the price points being discussed and rationale behind such a deal that the chances of another bidder is unlikely. With the financing seemingly secured from the Broadcom side, the analyst believes it is all about synergies and Broadcom should be able to find between $1.3B-$1.5B of annual cost synergies from "the bloated" Symantec structure with the enterprise segment being the laser focus. From a valuation basis, Ives believes $26-$28 per share would be the "sweet spot" range a deal likely gets consummated and a valuation that many investors would ultimately approve. He has a Neutral rating and $19 price target on Symantec's shares.