Information Provided By: 
Fly News Breaks for August 11, 2015
SYMC
Aug 11, 2015 | 09:37 EDT
As previously reported, Credit Suisse analyst Philip Winslow downgraded Symantec to Neutral from Outperform following the company's deal to sell its Veritas unit, citing the "destruction of shareholder value" from the more than $1.5B tax-liability in the sale relative to the alternative of a spin-off. Winslow also cited the risk associated with the company's use of the proceeds for M&A and the questions that the deal raises about its core business. The analyst lowered his price target on Symantec shares to $25 from $30.
News For SYMC From the Last 2 Days
There are no results for your query SYMC
