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Fly News Breaks for April 29, 2016
SYMC
Apr 29, 2016 | 07:43 EDT
After Symantec issued a negative Q4 preannouncement and announced that its CEO would step down, RBC Capital says that the company's fiscal 2018 margins came in above expectations. The firm thinks that a new CEO could focus on boosting the company's margins further and could provide a positive catalyst for the shares. RBC says that the stock's risk/reward ratio remains attractive, and it keeps a $23 price target and Outperform rating.
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