BMO Capital raised the firm’s price target on FactSet to $447 from $436 and keeps a Market Perform rating on the shares. The company’s Q1 earnings beat was mainly attributable to below the line items, while its FY24 guidance was cut due to pricing, erosion, and delayed client decision-making, the analyst tells investors in a research note. FactSet should continue to gain share in the market data industry, and the company has some built-in buffers against economic cyclicality, the firm added.
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