BMO Capital lowered the firm’s price target on Check Point (CHKP) to $215 from $250 and keeps an Outperform rating on the shares. The company delivered the second-straight disappointing quarter, led by weak subscription and billings growth, though the firm still believes that it can successfully transition to a broader security platform, the analyst tells investors in a research note.
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Read More on CHKP:
- Check Point price target lowered to $220 from $230 at Cantor Fitzgerald
- Check Point price target lowered to $215 from $240 at Mizuho
- Check Point price target lowered to $210 from $229 at Stephens
- Check Point price target lowered to $230 from $260 at Jefferies
- Optimistic Outlook on Check Point’s Growth Amid Strong Product Performance and Strategic Investments