FactSet price target raised to $520 from $440 at Barclays

Barclays analyst Manav Patnaik raised the firm’s price target on FactSet to $520 from $440 and keeps an Overweight rating on the shares. The analyst is waiting for more clarity on the outlook for U.S. business and information services stocks heading into 2023. He recommends reducing exposure and awaiting guidance from managements. Patnaik is looking for companies that guide conservatively.