BofA/Merrill Lynch Raises Checkpoint Software (CHKP) to Buy Following Earnings

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July 19, 2011 9:59 AM EDT
Get Alerts CHKP Hot Sheet
Price: $131.72 -1.87%

Rating Summary:
    17 Buy, 30 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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An analyst at BofA/Merrill Lynch upgraded shares of Checkpoint Software (NASDAQ: CHKP) from Neutral to Buy Tuesday morning following Q2 results from the company Monday morning. The firm lifted its price target on the stock from $59 to $71.

Checkpoint shares jumped more than 8 percent Monday. The stock is pushing slightly lower this morning, now down about 0.5 percent to $60.85.

For more ratings news on Checkpoint Software click here and for the rating history of Checkpoint Software click here.

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