FBN Securities analyst Shebly Seyrafi lowered the firm’s price target on Check Point to $150 from $155 and keeps an Outperform rating on the shares. The firm notes the company had a "mostly positive" Q4 report but billings declined by 2% and came in 3% below consensus and was affected by deal timing, duration, and payment terms. Despite the wider guided revenue range in 2023, FBN Securities believes high free cash flow yield and share buyback make the stock attractive.
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