Check Point price target lowered to $220 from $230 at Cantor Fitzgerald

Cantor Fitzgerald analyst Jonathan Ruykhaver lowered the firm’s price target on Check Point (CHKP) to $220 from $230 and keeps a Neutral rating on the shares after the company’s Q2 report and Q3 guidance. The firm expresses belief in the core product and platform strategy, but remains cautious around the growth outlook and “the inherent uncertainties that come with any major management transition.”