BMO Capital raised the firm’s price target on FactSet (FDS) to $452 from $448 but keeps a Market Perform rating on the shares. The company reported a margin-driven adjusted EPS miss as Q3 benefited from one-time items, the analyst tells investors in a research note. FactSet’s ASV – Annual Subscription Value – growth was stable on the Buy-side while Sell-side ASV improved given improvement on cancelations, better headcount growth, and new product initiatives, the firm added.
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