Baird Starts Checkpoint Software (CHKP) at Neutral

August 23, 2016 4:08 PM EDT
Get Alerts CHKP Hot Sheet
Price: $89.68 -0.79%

Rating Summary:
    18 Buy, 18 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 22 | New: 54
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Baird initiates coverage on Checkpoint Software (NASDAQ: CHKP) with a Neutral rating and a price target of $83.00.

Analyst Jayson Noland commented, "We are launching coverage of Check Point Software with a Neutral rating and $83 price target. We remain favorable on the IT Security market and Check Point’s leadership position within the category. Our concern is an intensifying competitive landscape which likely limits meaningful upside to the stock. We see shares as fairly priced in the current range."

For an analyst ratings summary and ratings history on Checkpoint Software click here. For more ratings news on Checkpoint Software click here.

Shares of Checkpoint Software closed at $75.40 yesterday.

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