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Fly News Breaks for March 5, 2020
CHKP
Mar 5, 2020 | 06:25 EDT
Goldman Sachs analyst Brian Essex downgraded Check Point Software Technologies to Sell from Neutral with a price target of $100, down from $118. Channel surveys have consistently reflected share loss for Check Point and recent checks at the RSA Conference implied a lack of improvement, Essex tells investors in a research note. This, when coupled with the fact the stock has declined less than better performing peers during the most recent market pullback, suggests others in the space are better positioned for upside into the second half of 2020, Essex contends.