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Fly News Breaks for July 21, 2017
CHKP
Jul 21, 2017 | 05:51 EDT
Piper Jaffray analyst Andrew Nowinski downgraded Check Point Software to Neutral and lowered his price target for the shares to $108 from $116. With the stock up 27% year-to-date, the valuation has now "reached a peak" given the decelerating billings, product/subscription and free cash flow growth. The analyst views Check Point's Q2 results as "mixed."
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