FactSet downgraded to Equal Weight from Overweight at Barclays

Barclays downgraded FactSet to Equal Weight from Overweight with a price target of $460, down from $480 after its Q2 results. The firm cites the company guiding to lower end for both its Buy-side and Sell-side businesses, noting that these do not appear to be improving any time soon. Barclays adds that it now sees FactSet as a “constructive Equal Weight” with limited downside, though “material” growth acceleration for the company also remains “elusive”.