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.
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