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Fly News Breaks for December 20, 2017
FDS
Dec 20, 2017 | 07:22 EDT
UBS analyst Alex Kramm said he remains cautious on FactSet shares despite its selloff yesterday. He noted the shares have underperformed following the company's Q1 results while management continues to downplay the impact of MiFID ll. The analyst raised his estimates slightly to reflect accounting changes, but he sees further downside in the shares. Kramm reiterated his Sell rating, though he raised his price target to $166 from $152 on FactSet shares.
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