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Fly News Breaks for March 22, 2017
SYMC
Mar 22, 2017 | 09:08 EDT
Morgan Stanley analyst Keith Weiss raised Overweight rated Symantec's price target to $37 due to confidence in high single digit revenue growth. The analyst said the acquisitions of LifeLock and BlueCoat will drive Consumer business growth and address long-term secular themes such as consolidation into security platforms and increased visibility across multiple vectors. Despite recent strength, Weiss believes Symantec's improved market positioning and profitability is still underappreciated by the market.
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