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Stock Market & Financial Investment News

News Breaks
May 20, 2014
07:03 EDTLOCKLifeLock pullback brings buying opportunity, says Deutsche Bank
Deutsche Bank believes the overall effect on LifeLock's business from the suspension of the Wallet application will be limited since the company's core offering is unaffected by the announcement. Deutsche notes that no data was compromised and that LifeLock reaffirmed its guidance. The firm views yesterday's sell-off as a buying opportunity and keeps a Buy rating on the stock with a $30 price target.
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