FactSet price target lowered to $436 from $440 at Stifel

Stifel analyst Shlomo Rosenbaum lowered the firm’s price target on FactSet to $436 from $440 and keeps a Hold rating on the shares. The firm adjusted its model to reflect the company’s elongated sales cycles and “murkiness” with banking hiring, the analyst tells investors. Despite its elongating sales cycles, Stifel notes that the company’s pipeline remains strong.