FactSet price target raised to $458 from $447 at BMO Capital

BMO Capital raised the firm’s price target on FactSet to $458 from $447 but keeps a Market Perform rating on the shares. The company’s Q2 earnings beat was driven by cost discipline and some personnel actions, while its sell-side Annual Subscription Value growth slowed a bit more than expected, the analyst tells investors in a research note. FactSet management now expects revenue growth at lower end of prior range of about 5.5%, which is mildly lower than consensus, the firm added.