Morgan Stanley raised the firm’s price target on FactSet (FDS) to $393 from $390 and keeps an Underweight rating on the shares. Organic Annual Subscription Value in fiscal Q3 was better than the firm had previously expected, notes the analyst, who also notes that management remains positive into the “seasonally important” fiscal Q4. However, the firm stays cautious given a challenging market environment and with organic ASV growth of 4.5% “well below peers,” the analyst tells investors.
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