Check Point price target lowered to $133 from $197 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Check Point (CHKP) to $133 from $197 and keeps an Equal Weight rating on the shares. The company’s Q1 was disappointing from a product growth standpoint, as firewall sales, particularly at the high end, underperformed, the analyst tells investors in a research note. The firm added that timing is unfortunate, as while changes have quickly been made, now is the time to be aggressively in front of customers as they look for ways to secure AI.