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Piper Jaffray Downgrades FactSet Research Systems (FDS) to Neutral

September 17, 2014 6:55 AM EDT
Get Alerts FDS Hot Sheet
Price: $451.85 +1.00%

Rating Summary:
    4 Buy, 20 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 10 | New: 11
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Piper Jaffray downgraded FactSet Research Systems (NYSE: FDS) from Overweight to Neutral with a price target of $130.00 (from $134.00).

Analyst Peter Appert comments, "After strong year-to-date performance we believe FDS shares are approaching fair value
and, accordingly, downgrade our rating to Neutral from Overweight. We remain fans of FactSet's business model and long-term growth prospects and would be inclined to revisit the shares on any material pullbacks."

The firm trimmed FY 2015 EPS from $5.65 to $5.49 and FY 2016 EPS from $6.40 to $6.22.

For an analyst ratings summary and ratings history on FactSet Research Systems click here. For more ratings news on FactSet Research Systems click here.

Shares of FactSet Research Systems closed at $126.76 yesterday.



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Piper Jaffray, Peter Appert