Gen Digital price target raised to $29 from $26 at Argus

Argus raised the firm’s price target on Gen Digital to $29 from $26 and keeps a Buy rating on the shares. With the Avast acquisition and other transformative moves, Gen Digital has become a focused, pure-play consumer cybersecurity and identity protection company, the analyst tells investors in a research note. Gen Digital also sees opportunities for cross-selling and up-selling these new services to its customer base, and for expanding this base through the wholesale partner channel and expansion into global markets, the firm added.