Check Point Software Technologies Inc (CHKP)

[Bart Myers]

Bank of America Merrill Lynch is out with its report today on Check Point Software Technologies (NASDAQ: CHKP), raising its PO from $55 to $59.

In a note to clients, Bank of America Merrill Lynch writes, "CHKP is benefiting from adoption of its network security appliances and cross-sell opportunities of its software blade architecture. We reiterate our Neutral rating and are raising our PO to $59 (from $55) implying a premium to an average of C12E EV/FCF and EV/E vs. peer group (SYMC, VRSN, ORCL), justified in our opinion given CHKP's better growth profile."


Source: http://www.benzinga.com/analyst-ratings/analyst-color/11/06/1136118/update-bank-of-america-merrill-lynch-raises-po-on-check-#ixzz1OE1GRjrl