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Fly News Breaks for April 22, 2019
CHKP
Apr 22, 2019 | 09:04 EDT
BMO Capital analyst Keith Bachman raised his price target on Check Point to $125, saying that after its in-line Q1 results and Q2 guidance, he is keeping his forecasts for 2019 and 2020 that calls for revenue growth of about 4%. The analyst also notes that he is more confident in the company's ability to grow its free cash flows in 2020, but believes that Check Point would have to "accelerate subscription revenue growth and stabilize product revenue declines" to drive the stock price "meaningfully higher". Bachman is keeping his Market Perform rating on the shares.
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