UBS upgraded FactSet (FDS) to Buy from Neutral with a price target of $425, down from $480. The company’s “sticky franchise” is being underappreciated at current share levels, the analyst tells investors in a research note. FactSet shares are reflecting a negative artificial intelligence disruption theme, creating a situation where the market is not fully appreciate the stickiness of the company’s solutions in a “slow-moving industry,” the analyst tells investors in a research note. It believes FactSet has shown it can integrate AI quickly.
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