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Fly News Breaks for January 30, 2017
LOCK, SYMC
Jan 30, 2017 | 06:45 EDT
Citi analyst Walter Pritchard downgraded Symantec (SYMC) to Neutral from Buy after reinstating coverage of the name. The analyst sees "weaker strategic merit" in the company's LifeLock (LOCK) acquisition relative to the Blue Coat deal. He also believes success is being priced in with investors looking for $2.00-plus in earnings power. Pritchard raised his price target for Symantec shares to $29 from $26.50.
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