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Fly News Breaks for June 11, 2018
FDS
Jun 11, 2018 | 06:23 EDT
DA Davidson analyst Peter Heckmann kept his Neutral rating and $185 price target on FactSet ahead of the company's June 26th earnings, saying he does not anticipate any material change in its intermediate term guidance. The analyst adds that while FactSet offers a "strong track record", its valuation is extended, particularly given the pressures on the buy-side being "hidden" by a multi-year bull market. Heckmann anticipates the buy-side to focus more on costs when the broader market "eventually hits an extended rough patch".
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