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Symantec (SYMC) Stock Gains, Gets 'Buy' Rating at Goldman

NEW YORK (TheStreet) -- Shares of Symantec (SYMC) were rising at the start of trading on Monday as Goldman Sachs reinstated coverage of the stock with a "buy" rating and $26 price target, the Fly reports.

The firm expects Symantec's recently announced acquisition of security and networking solutions company Blue Coat to be a catalyst for shares.

Additionally, Goldman expects several changes to its cost structure to optimize the business for stable profitability in a muted security spending environment, the...