FactSet price target raised to $440 from $419 at Stifel

Stifel raised the firm’s price target on FactSet to $440 from $419 and keeps a Hold rating on the shares. Stifel thinks FactSet was posturing conservatively coming out of Q2 earnings given the situation it was in at the time and uncertainties around the regional banking crisis, the analyst tells investors in a research note. The firm sees more of an upward bias to consensus estimates for annual ASV and revenue exiting Q3 earnings.