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.
IDC says IBM should look at Symantec info-management unit, Bloomberg reports Analysts have said acquisitions would be a better use of IBM's (IBM) cash than share repurchases and IDC Corp. pointed to Symantecís (SYMC) information-management division and cloud-storage provider Box as two logical options, reported Bloomberg's "Real M&A" column. Reference Link