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Morgan Keegan Ups Symantec on Product Revamp
Posted on May 27, 2009
Morgan Keegan analyst Brian Freed today raised his rating on Symantec (SYMC) from Market Perform to Buy. After talking with Symantec management, he spent a few minutes to explain to me by phone his thinking on the stock all of which, he said, is mostly agreed to by SYMC management.Freed thinks the Street is underestimating Symantec s opportunity in online backup services for consumers while spending too much time worrying about the company s business of supplying corporate security products. The enterprise security endpoint products, things that secure desktops, have ...
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