FICO price target lowered to $1,700 from $1,800 at Jefferies

Jefferies analyst Surinder Thind lowered the firm’s price target on FICO (FICO) to $1,700 from $1,800 and keeps a Buy rating on the shares. The company’s fiscal Q2 results were far above expectations, the analyst tells investors in a research note. However, Jefferies believes investors remain concerned about the potential for market share loss to VantageScore 4.0 as FICO’s regulatory landscape “continues to evolve.” The firm thinks FICO “will ultimately win out” and that patient investors will be well rewarded.