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Fly News Breaks for November 12, 2019
CHKP
Nov 12, 2019 | 05:10 EDT
Goldman Sachs analyst Brian Essex initiated coverage of Check Point Software with a Neutral rating and $123 price target. The analyst started the Security Software sector with an attractive view, believing IT Security offers "attractive levels of exposure to growth technology," and that profitable companies with this exposure could outperform the market. Essex says his latest reseller survey implies Check Point has "yet to turn the corner on execution." The company's "compelling" valuation is overshadowed by share losses, says the analyst.
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