Morgan Stanley analyst Toni Kaplan lowered the price target on FactSet Research Systems (NYSE: FDS) to $228.00 (from $307.00) while maintaining a Equalweight rating.

The analyst commented, "FDS posted its 4th consecutive ASV acceleration print as 6.7% ASV growht exceeded estimates, but Adj op margin fell short due to increased investments. ASV growth ($M) guide raised by 16%, but margin guide unchanged. AI threats remain a focus. Maintain EW, PT changed to $228 from $307."