Check Point price target raised to $165 from $159 at RBC Capital

RBC Capital raised the firm’s price target on Check Point to $165 from $159 and keeps a Sector Perform rating on the shares. The company reported a billings miss and the stock initially sold off, but its qualitative details on the quarter and outlook were slightly better than expectations, with the management having noted that while the selling environment remains challenged, it is “better than a year ago”, the analyst tells investors in a research note.