Scotiabank lowered the firm’s price target on Check Point (CHKP) to $125 from $180 and keeps a Sector Perform rating on the shares. The firm notes Q1 billing and product revenue were disappointing, and guidance implies this weakness will likely continue, the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHKP:
- Check Point price target lowered to $160 from $210 at Wedbush
- Check Point price target lowered to $130 from $170 at UBS
- Check Point price target lowered to $185 from $220 at Baird
- Check Point price target lowered to $160 from $215 at Roth Capital
- Check Point price target lowered to $135 from $165 at Mizuho