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In a report published Wednesday, Piper Jaffray analyst Peter P. Appert reiterated an Overweight rating on FactSet Research Systems (NYSE: FDS), but lowered the price target from $121.00 to $119.00.

In the report, Piper Jaffray noted, “The market was unimpressed with FactSet's in-line F3Q results, focusing on continuing weak trends in password (user) growth. We believe the weakness in password growth will reverse over the next several quarters as equity mutual fund assets grow, driving a reacceleration in the company's revenue and earnings growth rates. Maintain OW.”

FactSet Research Systems closed on Tuesday at $99.12.

Latest Ratings for FDS

DateFirmActionFromTo
Sep 2014Piper JaffrayDowngradesOverweightNeutral
Sep 2014Morgan StanleyMaintainsEqual-weight
Jul 2014JefferiesInitiates Coverage onBuy

View More Analyst Ratings for FDS
View the Latest Analyst Ratings

Posted-In: Peter P. Appert Piper JaffrayAnalyst Color Price Target Analyst Ratings

 

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