Radware price target raised to $30 from $25 at Jefferies

Jefferies raised the firm’s price target on Radware (RDWR) to $30 from $25 and keeps a Hold rating on the shares. The firm believes cybersecurity spend will remain “robust” and continue to hold a “steady percentage” of software budgets in the coming years. Jefferies keeps a favorable view on security for the long-term saying it has taken on greater importance.