Gen Digital assumed with an Equal Weight at Morgan Stanley

Morgan Stanley analyst Keith Weiss assumed coverage of Gen Digital (GEN) with an Equal Weight rating and $27 price target The firm sees a “tougher path” based on muted topline growth from soft consumer PC demand and traffic data and stable ARPU from low ARPU international and mobile mix. It also sees limited EBIT margin upside as M&A cost synergies are now fully realized, the analyst tells investors.