FactSet price target raised to $493 from $469 at Stifel

Stifel raised the firm’s price target on FactSet (FDS) to $493 from $469 and keeps a Hold rating on the shares. It “appears the ‘green shoots’ the company saw last quarter are becoming a bit greener this quarter” and while management did note the macro uncertainty and client cost pressures continued to persist, there was “some incremental cautious optimism” noted from client dialogs, new trials and RFP volumes, and pipeline trends, the analyst tells investors. The firm now assumes less of a discount to comp multiples with “green shoots getting greener,” the analyst added.