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Fly News Breaks for March 29, 2017
FDS
Mar 29, 2017 | 07:47 EDT
Credit Suisse analyst Anjaneya Singh raised his price target for FactSet to $185 from $179 following quarterly results. The analyst says the company's quarter over quarter deceleration in ASV continues to be "frustrating," but believes this to be a latent impact of client pull-back referenced on prior calls, and not an indication of the environment worsening. With the long-term opportunity intact, a strong execution track record, and a balance sheet that continues to provide optionality, Singh finds FactSet attractive, especially on recent pullback. He reiterates an Outperform rating on the shares.
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