Jefferies analyst Surinder Thind assumed coverage of FactSet with a Hold rating with a price target of $455, up from $423. While increased investment over the previous few years has likely shifted growth to a new higher normal, the firm expects ASV growth to continue slowing amidst more challenging market conditions as FactSet is “not immune to macro,” the analyst tells investors. The firm views the stock as fairly valued and sees a lack of a near-term catalyst, the analyst added.
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