Deutsche Bank analyst Ashish Sabadra lowered his price target for FactSet to $237 from $245 and keeps a Hold rating on the shares. The analyst is cautious on the company's fiscal 2020 growth. Cancellations, mix shift, and lower than expected sales are weighing on annual subscription value, which could moderate revenue growth in the fiscal year, Sabadra told investors last night in a research note. Further, investments in product, content, and infrastructure could weigh on FactSet's margins, adds the analyst. As a result, he expects the company's earnings growth to moderate from mid-teens to roughly mid-single digit going forward. Sabadra reduced his 2020 and 2021 estimates for FactSet below consensus.