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Fly News Breaks for June 17, 2019
FDS
Jun 17, 2019 | 09:18 EDT
DA Davidson analyst Peter Heckmann raised his price target on FactSet to $252 ahead of its Q3 earnings, saying that the 50% year-to-date run-up in its stock price is "predicting" near-term positive developments for the company. The analyst believes that the quarter will meet or "modestly exceed" his forecasts and that the management will also affirm or slightly raise its FY19 guidance. Heckman keeps his Neutral rating on FactSet however, noting that without any additional positive catalysts, the stock could pull back after the quarter's results.
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