UPDATE: Piper Jaffray Reiterates Neutral Rating, Raises PT on FactSet Research Systems on Lower Tax Rate, Share Buybacks

In a report published Wednesday, Piper Jaffray analyst Peter P. Appert reiterated a Neutral rating on FactSet Research Systems

, and raised the price target from $92.00 to $95.00. In the report, Appert noted, “Ongoing headwinds in FactSet's end user markets along with a fair valuation cause us to be sidelined on FDS shares. Improved revenue momentum and visibility, which is likely several quarters away, would make us more enthusiastic. For now we maintain our Neutral rating and raise our estimates to reflect a lower tax rate and share buybacks, partially offset by slightly more conservative revenue assumptions.” FactSet Research Systems closed on Tuesday at $92.82.