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Fly News Breaks for September 18, 2019
FDS
Sep 18, 2019 | 09:04 EDT
DA Davidson analyst Peter Heckmann kept his Neutral rating and $252 price target on FactSet ahead of its Q4 results next week, saying the company will report a 5.9% increase in total revenue and its operating margins will expand 110bps, while its FY20 guidance will "bracket" consensus estimates. The analyst believes that a neutral stance is warranted however and that the stock will offer better opportunities in the future, with shares trading "materially" above their long-term average valuation levels.
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