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

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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
Jan 2016Evercore ISI GroupInitiates Coverage onHold
Dec 2015BarclaysMaintainsEqual-weight
Nov 2015Cantor FitzgeraldInitiates Coverage onHold

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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