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Check Point price target raised to $235 from $220 at Barclays

Barclays analyst Saket Kalia raised the firm’s price target on Check Point (CHKP) to $235 from $220 and keeps an Equal Weight rating on the shares. the Compamia reported faster billings growth in Q3 after excluding the impact of deal timing due to better execution, pricing, and growing emerging solutions, the analyst tells investors in a research note. However, the firm questions the sustainability of this growth.

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