NEW YORK (TheStreet) -- Shares of Symantec (SYMC) - Get Symantec Corporation Report 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 Fly noted.
Symantec is a Mountain View, CA-based provider of security and information management solutions.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C+ on the stock.
The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its expanding profit margins, increase in stock price during the past year and growth in earnings per share.
But the team also finds weaknesses including disappointing return on equity and weak operating cash flow.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: SYMC