Check Point price target lowered to $251 from $257 at JPMorgan

JPMorgan lowered the firm’s price target on Check Point (CHKP) to $251 from $257 and keeps an Overweight rating on the shares. The firm updated security software models post the earnings reports. The results reflect a stable to improving macro environment for security software, the analyst tells investors in a research note. The firm says companies exposed to large enterprise budgets and high priority spending categories are better positioned. It added Varonis Systems (VRNS) to JPMorgan Analyst Focus List and reiterated Cellebrite (CLBT) as a focus list pick.