FICO price target raised to $2,230 from $2,030 at Raymond James

Raymond James analyst Patrick O’Shaughnessy raised the firm’s price target on FICO (FICO) to $2,230 from $2,030 and keeps an Outperform rating on the shares. While Scores revenue finished ahead of expectations in the quarter as FICO’s pricing power shone through yet again, Software revenue fell well short of consensus expectations due to lower client utilization, though bookings activity remains reasonably healthy, the analyst tells investors in a research note.