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UPDATE: Piper Jaffray Lowers PT on FactSet Research Systems Following In-Line F3Q Results

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UPDATE: FactSet Research Q2 Profit Misses Estimates, CEO To Step Down
Earnings Scheduled For March 17, 2015

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
Mar 2015BarclaysMaintainsEqual-weight
Mar 2015Bank of AmericaInitiates Coverage onNeutral
Feb 2015Stifel NicolausMaintainsBuy

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View the Latest Analyst Ratings

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

 

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