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Fly News Breaks for March 11, 2016
SYMC
Mar 11, 2016 | 08:15 EDT
As previously reported, RBC Capital analyst Matthew Hedberg upgraded Symantec to Outperform from Sector Perform, citing its opportunity to cross-sell new products, including ATP, into its enterprise base, its a path to 30%+ margins and its commitment to return $5.5B in capital to shareholders. Hedberg, who also noted that investor expectations for Symantec are low, set a $23 price target on the shares.
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