FICO initiated with a Buy, added to ‘US 1 List’ at BofA

BofA initiated coverage of FICO (FICO) with a Buy rating and $2,800 price target while also adding the stock to BofA Global Research’s “US 1 List.” The Street is “underestimating” the duration of growth for FICO, its ability to push price on the FICO score and the long-term outlook for its software business, the analyst tells investors.