BMO Capital raised the firm’s price target on Check Point (CHKP) to $245 from $215 and keeps a Market Perform rating on the shares. The company delivered meaningful upside to December quarter billings and revenue vs. consensus estimates, and billings growth was solid even net of adjustments, the analyst tells investors in a research note. BMO further contends that Check Point can gradually transition to a broader security company, and thus the firm has had the stock on its shopping list for some time.
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Read More on CHKP:
- Check Point Software Reports Strong Earnings and Growth
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