Check Point initiated with an Equal Weight at Stephens

Stephens analyst Todd Weller initiated coverage of Check Point (CHKP) with an Equal Weight rating and $255 price target Check Point is in the early stages of the biggest leadership change in the company’s 30 year history with Nadav Zafrir taking over as CEO, the analyst tells investors in a research note. The firm is positive on the fundamental story but sees the current risk/reward for the stock as being neutral. As such, it prefers to look for a more attractive entry point.