RBC Capital lowered the firm’s price target on Check Point (CHKP) to $186 from $195 and keeps a Sector Perform rating on the shares. The company delivered a decent Q4 with slight outperformance in billings, subscription revenue, EPS, and CFO while product revenue missed expectations due to the July subscription pricing increase, which also acts as a Q1 headwind, the analyst tells investors in a research note.
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Read More on CHKP:
- Check Point price target lowered to $220 from $245 at Baird
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