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Fly News Breaks for March 15, 2018
FDS
Mar 15, 2018 | 09:44 EDT
DA Davidson analyst Peter Heckmann raised his price target on FactSet to $185 ahead of the company's Q2 earnings at the end of this month, citing expectations of lower effective tax rates leading to the management raising their FY18 guidance. Heckman keeps his Neutral rating, adding that while Factset has a strong track record, its current valuation is extended, and the market may become concerned with a challenging primary end market.
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