Wells Fargo lowered the firm’s price target on FactSet (FDS) to $500 from $503 and keeps an Equal Weight rating on the shares. The acquisition of LiquidityBook enhances FactSet’s cloud-native OMS and IBOR capabilities, improving front-office integration and automation, the firm says. This enables FactSet to better challenge legacy players in the space with a flexible, cost-effective alternative, Wells adds.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FDS:
- 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
- AI Daily: White House order opens federal land to AI data centers
- FactSet launches AI-powered Pitch Creator