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 upgraded to Hold from Underperform at Jefferies Jefferies upgraded Symantec to Hold citing a lack of negative catalysts and potential breakup scenarios following the company's analyst day. The firm raised its price target for shares to $21 from $20.