Varonis price target raised to $55 from $53 at Barclays

Barclays analyst Saket Kalia raised the firm’s price target on Varonis to $55 from $53 and keeps an Overweight rating on the shares. The analyst thinks security stocks have favorable setups into the Q2 earnings. Channel checks indicate enterprise security spending either held stable or improved moderately in Q2 versus Q1 for several security names, the analyst tells investors in a research note.