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Fly News Breaks for December 10, 2019
NLOK
Dec 10, 2019 | 07:21 EDT
Mizuho analyst Gregg Moskowitz reiterated his Buy rating on NortonLifeLock shares following The Wall Street Journal's report that the company is attracting deal interest from a variety of firms, including rival McAfee. Though he finds it difficult to say whether such a transaction will occur, at the least he believes this news is reflective of NortonLifeLock's optionality and position as "an appetizing takeout target." Moskowitz keeps a $28 price target on NortonLifeLock shares.
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