Analysts Offer Insights on Technology Companies: Convergys Corp (NYSE: CVG) and Check Point (NASDAQ: CHKP)

By Austin Angelo

Analysts fell to the sidelines weighing in on Convergys Corp (NYSE: CVG) and Check Point (NASDAQ: CHKP) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Convergys Corp (NYSE: CVG)

Robert W. Baird analyst David Koning reiterated a Hold rating on Convergys Corp (NYSE: CVG) on September 15 and set a price target of $24. The company’s shares closed on Friday at $24.62.

According to TipRanks.com, Koning is a top 100 analyst with an average return of 15.6% and a 84.5% success rate. Koning covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and Sykes Enterprises Inc.

Convergys Corp has an analyst consensus of Hold, with a price target consensus of $24.

Check Point (NASDAQ: CHKP)

Robert W. Baird analyst Jayson Noland reiterated a Hold rating on Check Point (NASDAQ: CHKP) on September 14 and set a price target of $115. The company’s shares closed on Friday at $113, close to its 52-week high of $116.63.

According to TipRanks.com, Noland is a 3-star analyst with an average return of 3.4% and a 52.4% success rate. Noland covers the Consumer Goods sector, focusing on stocks such as Brocade Communication Systems Inc, Hewlett Packard Enterprise, and Palo Alto Networks.

Currently, the analyst consensus on Check Point is Moderate Buy and the average price target is $112.73, representing a -0.2% downside.

In a report issued on August 31, BMO Capital also reiterated a Hold rating on the stock with a $115 price target.

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