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Scotiabank analyst Patrick Colville lowered the firm’s price target on Check Point (CHKP) to $240 from $250 and keeps an Outperform rating on the shares. The firm is reaffirming its price target on the stock following a “decent” Q1 report, the analyst tells investors. The firm likes Check Point as a highly defensive stock within software.

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Read More on CHKP:

Disclaimer & DisclosureReport an Issue

• Check Point, Illumio announces strategic partnership

• Check Point price target lowered to $250 from $275 at BMO Capital

• Check Point price target lowered to $229 from $255 at Stephens

• Check Point price target lowered to $265 from $280 at Wells Fargo

• Optimistic Growth Outlook for Check Point: Buy Rating Justified by Strong Financial Performance and Strategic Innovations