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Fly News Breaks for January 31, 2018
CHKP
Jan 31, 2018 | 12:37 EDT
JPMorgan analyst Sterling Auty lowered his price target for Check Point Software to $113 saying key revenue and billings metrics fell short of expectations in Q4. The company's cash flow level and capital return are still at "good levels," but the stock will need to see sales improvement before "seeing consistent performance," Auty tells investors in a post-earnings research note. He keeps a Neutral rating on Check Point shares.
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