Gen Digital price target raised to $32 from $25 at Morgan Stanley

Morgan Stanley analyst Keith Weiss raised the firm’s price target on Gen Digital (GEN) to $32 from $25 and keeps an Equal Weight rating on the shares. A re-rating of shares appears “reasonable,” but the firm remains hesitant in this assumption as it looks for further proof points regarding the company’s cross-sell motion beginning to bear fruit across both core security as well as MoneyLion-related offerings, the analyst tells investors.