Symantec negatives priced into shares, says Citigroup Citigroup says that while Symantec's CEO change increases the chances for further set-backs, the negatives are priced into the stock at current levels. Citi calls shares "cheap" and says investor sentiment is the "worst" among the Software names it covers. The firm keeps a Buy rating on Symantec with a $28 price target. Shares of Symantec were downgraded this morning at Baird and Jefferies after the company announced it terminated its CEO.
Symantec downgraded to Market Perform from Outperform at William Blair William Blair downgraded Symantec to Market Perform citing valuation as it believes upside from the company's business split is largely reflected in shares at current levels.