B of A Securities analyst Tal Liani downgraded Check Point Software Technologies Ltd (NASDAQ:CHKP) from Buy to Neutral and lowered the price target from $205 to $195. On Tuesday, Check Point reported fiscal third-quarter revenue growth of 7% to $635.10 million, almost inline with the analyst consensus estimate of $635.14 million. Adjusted operating margin declined to 43% from 45% the prior year. Also Read:ADP Raises The Bar After Q1 Earnings Surprise Given the company’s modest growth trajectory, the valuation seems stretched, as per Liani. The analyst expected a recovery in billings next quart…