Deutsche Bank Says McAfee (MFE) Best In Class

Deutsche Bank Securities analysts Todd Raker and Brian Thackray maintained their Buy rating for shares of McAfee Inc (NYSE: MFE), with a price target of $42 per share.

The analysts said they came away from the McAfee Inc analyst day still believing that the company is well positioned for growth.

The analysts said that they believe McAfee Inc will continue to gain market share because it has a product that is best in its class and there is an increasing focus on security.

The Deutsche Bank Securities analysts wrote, "we came away from McAfee’s analyst day impressed by product announcements that extend the breadth of its product portfolio and position it to outgrow the competition. McAfee became the first vendor to announce a security solution customized for virtual desktops in partnership with Citrix. Product announcements in the consumer space include McAfee Life, an online backup solution that enhances the online backup experience by including collaboration and sharing features."