Qualys price target raised to $150 from $142 at Scotiabank

Scotiabank analyst Patrick Colville raised the firm’s price target on Qualys (QLYS) to $150 from $142 and keeps a Sector Perform rating on the shares. The company delivered “solid” Q2 results, the analyst tells investors. While the company has a leading reputation in the core vulnerability management market, the firm plans to remain on the sidelines since checks continue to indicate this market is not a current cybersecurity spending priority.