Fly News Breaks for September 27, 2019
Sep 27, 2019 | 08:32 EDT
Morgan Stanley analyst Toni Kaplan said that FactSet's guidance for 0% adjusted EPS growth in FY20 represents a "marked deceleration" from prior years and was below her previous estimate for 6% growth. Adjusted operating margin guidance implies year-over-year margin contraction of 100 bps, compared to her previous expectation for 40 bps of expansion, added Kaplan, who thinks investments in content and technology over the next three years should limit future margin expansion through FY22. Kaplan keeps an Underweight rating on FactSet shares and cut her price target on the stock to $217 from $263, contending that the outlook for FY20 "shows limited reason to be excited over the next few years."
News For FDS From the Last 2 Days
There are no results for your query FDS