As previously reported, BofA analyst Tal Liani upgraded Check Point (CHKP) to Buy from Neutral with a price target of $260, up from $230. The firm believes new CEO Nadav Zafrir is taking steps to “fundamentally change the outlook,” citing two factors for its upgrade – “encouraging” signs of new go-to-market and product initiatives as well as the background and pedigree of Zafrir. The firm increased its estimates to reflect improved business trends, the analyst noted.
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