FactSet price target raised to $425 from $399 at UBS

UBS analyst Alex Kramm raised the firm’s price target on FactSet to $425 from $399 and keeps a Neutral rating on the shares. FactSet shares underperformed following Q1 results, as weaker-than-expected top-line growth was accompanied by stronger-than-expected margins, Kramm tells investors in a research note. The analyst expects the company to come in at the low end of its ASV targets in FY23 and remains on the sidelines.