FactSet downgraded to Sell from Neutral at Redburn Atlantic

Redburn Atlantic downgraded FactSet to Sell from Neutral with a price target of $380, down from $420. The company “is in a tricky spot,” the analyst tells investors in a research note. Despite investments, FactSet’s organic sales growth has close to halved in the past 12 months and its productivity screens at the bottom end of the peer group, the firm says. Redburn believes FactSet “needs a new strategy to reinvigorate growth.”