BMO Capital analyst Jeffrey Silber lowered the firm’s price target on FactSet (FDS) to $324 from $452 and keeps a Market Perform rating on the shares. The company reported a margin-driven Q4 miss due to higher technology expense and higher bonuses, though its management is focused on heavy AI-investment to re-accelerate growth, the analyst tells investors in a research note. The post-earnings share weakness is likely driven by investor focus on comments regarding the long sales cycles and rigorous scrutiny on deals, the firm added.
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