Symantec Analyst Roundup Following Company's Decision To Split

Last Friday, Topeka Research, MKM Partners and Morgan Stanley issued fresh research notes on Symantec Corporation (NASDAQ: SYMC) highlighting the trending theme of divesting the profitable business from the slower growing business.

Analysts feel the company's decision to separate into two publicly traded companies is the correct fundamental strategy, however, it will not immediately unlock share value.

Topeka Capital Markets: reiterated Hold rating and $25.50 price target.
Morgan Stanley: Underweight rating and $18 price target.
MKM Partners: Neutral rating $25 price target.

Symantec shares were last trading at $22.26.