Goldman Sachs lowered the firm’s price target on FactSet (FDS) to $217 from $253 and keeps a Sell rating on the shares after its Q2 results. The company is incrementally improving its commerciality by making contracts more enterprise-based, longer in duration and more flexible across delivery channels, while also driving productivity gains from technology, data and client support, but with that said, the firm continues to see challenges for FactSet due to difficulty in balancing required investments to drive growth and limited pricing power, the analyst tells investors in a research note.
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