Check Point price target lowered to $129 from $130 at Citi

Citi analyst Fatima Boolani lowered the firm’s price target on Check Point to $129 from $130 and keeps a Neutral rating on the shares. The analyst says the company’s Q4 "ending in a whimper dashes hope for a consistent, even if modest, profit-rehabilitating growth trajectory." Check Point’s "no growth/no margin profile" keeps Citi at Neutral. It believes the shares are in "cheap valuation purgatory."