Gen Digital price target raised to $37 from $35 at Wells Fargo

Wells Fargo raised the firm’s price target on Gen Digital (GEN) to $37 from $35 and keeps an Overweight rating on the shares. The firm expects shares to trade higher off the very strong Q2 results, highlighted by 5% bookings growth, which eventually will lift revenue growth and support mid-teens EPS growth. Wells remains bullish near term given the breach activity driving demand.