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Fly News Breaks for April 12, 2017
SYMC
Apr 12, 2017 | 05:42 EDT
Citi analyst Walter Pritchard placed Symantec on negative catalyst watch ahead of the Q4 earnings report with the stock up 28% year-to-date. Investor expectations remain for $2.00 in earnings power for FY18 while the company is likely to only raise its $1.70-$1.80 guidance by 5c-10c, Pritchard tells investors in a research note. He expects investor focus will shift to the sales reorganization and earnings power falling short. He keeps a Neutral rating on Symantec with a $29 price target.
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