J.P. Morgan Provides Color On Symantec After Analyst Day

According to a recent report, J.P. Morgan attended Analyst Day yesterday hosted by Symantec SYMC in New York. J.P. Morgan's outlook on SYMC remains positive and they maintain an Overweight rating and a $26.00 price target on the company. During the day, Symantec provided perspective on overarching technology trends, SYMC's long term model, and maintenance renewals at the company. In the report, J.P. Morgan said, "Of SYMC's five businesses, the outlook for two (SaaS and Storage Management) of the businesses was the same as it was a year ago, it declined from that of a year ago for two others (Enterprise Security and Consumer), and it was better for one (Backup and Archiving)." SYMC closed yesterday at $19.31.