FICO price target lowered to $2,600 from $2,650 at Wells Fargo

Wells Fargo lowered the firm’s price target on FICO (FICO) to $2,600 from $2,650 and keeps an Overweight rating on the shares. The firm notes FICO missed its EPS estimate largely on software revenue and margins, but Wells remains Overweight given its view that the company continues to have a long runway to normalize its score pricing.