BMO Capital lowered the firm’s price target on Check Point (CHKP) to $250 from $275 but keeps an Outperform rating on the shares. The company reported reasonable top-line results as it benefited from stronger product revenues, including pipeline that remains unaffected by macro/tariffs at this juncture, the analyst tells investors in a research note. BMO adds however that its reduced price target reflects “sharply lower” software valuations.
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