Evercore ISI analyst David Motemaden initiated coverage of FactSet with an In Line rating and $470 price target The firm sees 2% downside to consensus earnings and believes the stock’s valuation is a “touch expensive” relative to the company’s organic growth trajectory. However, downside in FactSet shares could be limited as the company could be attractive as exchange operators push further into the financial data and analytics space, the analyst tells investors in a research note.
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