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Fly News Breaks for March 27, 2019
FDS
Mar 27, 2019 | 07:25 EDT
Deutsche Bank analyst Ashish Sabadra raised his price target for FactSet Research to $245 from $217 saying the company surprised with a "robust" 180 basis points of margin expansion in Q2. The analyst, however, has questions question about the sustainability of the expansion. Although the company reiterated 100 basis points of margin expansion in fiscal 2019, it was noncommittal for the same growth for 2020, Sabadra tells investors in a post-earnings research note. He keeps a Hold rating on FactSet.
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