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Fly News Breaks for August 15, 2016
SYMC
Aug 15, 2016 | 07:42 EDT
Goldman analyst Gabriela Borges removed the Not-Rated designation and reinstated Symantec with a Buy rating and $26 price target. The analyst expects the Blue Coat acquisition and new management team/Board to be a catalyst for shares and expects several changes being undertaken to its cost structure that will optimize the business for stable profitability in a muted security spending environment.
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