Wells Fargo lowered the firm’s price target on FactSet (FDS) to $450 from $500 and keeps an Equal Weight rating on the shares. The firm is lowering its FY25 EPS estimate to the midpoint of FactSet’s guidance and below consensus given its expectation that sentiment among financial services customers has worsened since the company last reported in mid-December.
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Read More on FDS:
- FactSet announces acquisition of TableTop Data
- FactSet price target lowered to $500 from $503 at Wells Fargo
- FactSet’s Acquisition of LiquidityBook: Strategic Advancements Amid Near-Term Margin Concerns
- FactSet acquires LiquidityBook for $246.5M in cash
- FactSet files automatic mixed securities shelf
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