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Fly News Breaks for August 1, 2017
FICO
Aug 1, 2017 | 07:16 EDT
After Fair Isaac reported weaker than expected Q3 results, Wells Fargo blames the miss on a year-over-year decline in its license fee revenue on a "difficult comp." The firm says that the company's results were "very strong" other than new license revenue. It thinks that the company's positive catalysts, including multiple new business wins, leave it poised for "growth acceleration, margin expansion and stock price appreciation." Wells raised its price target on the shares to $160 from $150 and keeps an Outperform rating on the stock.
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