FactSet Research Systems (FDS) PT Raised to $458 at BMO Capital

BMO Capital analyst Jeff Silber raised the price target on FactSet Research Systems (NYSE: FDS) to $458.00 (from $447.00) while maintaining a Market Perform rating.

The analyst commented, "FDS reported an adjusted EPS beat, driven by cost discipline and some personnel actions. Sell-side ASV growth slowed a bit more than expected. While reaffirming FY2024 adjusted EPS guidance (despite the large "beat"), management now expects revenue growth at lower end of prior range (~5.5%), mildly lower than consensus. F3Q24 is expected to show some weakness with some pickup in activity in F4Q24. We adjust our estimates and price target."

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