Sell Rating for Factset Research Amid CEO Transition and Market Volatility Concerns

Wells Fargo analyst Jason Haas CFA reiterated a Sell rating on Factset Research (FDS – Research Report) yesterday and set a price target of $402.00.

Jason Haas CFA’s rating is based on several key considerations regarding Factset Research’s current situation. The unexpected announcement of a CEO transition has raised concerns, as the company did not reaffirm its guidance during this change. This lack of clarity adds uncertainty to the company’s future performance, especially with the upcoming earnings report.
Additionally, the market volatility and potential suppression of capital markets activity could negatively impact Factset’s financial results in the near term. The combination of these factors suggests a heightened risk that Factset might issue a conservative guidance for the upcoming fiscal year. Consequently, these uncertainties and potential risks have led to a Sell rating for Factset Research’s stock.

In another report released yesterday, Barclays also downgraded the stock to a Sell with a $390.00 price target.

Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FDS in relation to earlier this year.