Wolfe Research initiated coverage of FactSet with an Underperform rating and $430 price target. The firm expresses a cautious stance around financial services employment trends as it believes macro dynamics may weigh on near-term growth. In addition, it is concerned about competition requiring investments that may hamper margin expansion.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FDS:
- FactSet Releases Investor Presentation with Forward-Looking Statements
- FactSet sees FY24 adjusted EPS $15.60-$16.00, consensus $15.98
- FactSet price target raised to $458 from $447 at BMO Capital
- FactSet downgraded to Equal Weight from Overweight at Barclays
- Factset Research Welcomes Laurie Hylton to Board