Zscaler price target raised to $245 from $220 at KeyBanc

KeyBanc analyst Eric Heath raised the firm’s price target on Zscaler (ZS) to $245 from $220 and keeps an Overweight rating on the shares. The firm sees a high bar for October security reporters given strong stock performance despite muted Q3 security earnings results thus far, saying its checks have been solid, the analyst tells investors in a research note. Though checks were strong, similar to prior quarters, there was more cautionary feedback on channel behavior, about as expected, the firm adds.