Morgan Stanley raised the firm’s price target on FactSet to $352 from $332 and keeps an Underweight rating on the shares. FactSet is guiding to 7% organic ASV growth at the midpoint of its FY24 ASV guidance, similar to where it finished in Q4 and “largely in line with our prior expectations,” the analyst tells investors. However, the firm remains cautious given the challenging market environment and prefers other names across Info Services with “higher EPS growth trading at lower valuation,” the analyst noted.
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