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Symantec (SYMC) Stock Advancing, Upgraded at Citi

NEW YORK (TheStreet) -- Shares of Symantec (SYMC) were climbing in late-afternoon trading on Friday as Citi raised its rating to "buy" from" neutral" after resuming coverage of the stock, the Fly reports.

The firm also increased its price target to $26.50 from $17.50 on shares of the Mountain View, CA-based provider of security and information management solutions.

Citi is positive on financial accretion from the Blue Coat acquisition and views the revenue targets as conservative, the Fly said.

In June, Symantec said it would buy the security and networking solutions...


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