BMO Capital lowered the firm’s price target on FactSet (FDS) to $257 from $317 and keeps a Market Perform rating on the shares. A lower share count and slight revenue upside drove the company’s Q2 earnings beat, the analyst tells investors in a research note. Post-earnings strength in shares reflects increased optimism, but the jury is still out on longer-term AI risk for FactSet, BMO added.
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