Check Point price target lowered to $200 from $220 at Stifel

Stifel lowered the firm’s price target on Check Point (CHKP) to $200 from $220 and keeps a Hold rating on the shares following what the firm calls a “mixed/noisy” fiscal Q2 report. While the firm remains “encouraged” by the various steps Check Point’s CEO is taking to help reinvigorate growth, it believes it will take time to drive sustainable double-digit top-line growth.