Mizuho slashes Check Point price target, says has much to prove

Mizuho analyst Gregg Moskowitz lowered the firm’s price target on Check Point (CHKP) to $215 from $240 and keeps a Neutral rating on the shares following a “disappointing” Q2. Mizuho said it was expecting more from the company this quarter. With investor expectations having clearly risen in recent months, and following two consecutive lackluster quarters, the firm believes Check Point still has much to prove as it pertains to re-accelerating the business in a meaningful way, Mizuho told investors in a research note.