FICO price target lowered to $1,953 from $2,300 at Oppenheimer

Oppenheimer lowered the firm’s price target on FICO (FICO) to $1,953 from $2,300 and keeps an Outperform rating on the shares. The firm notes FICO reported strong Q3 results with adjusted EPS of $8.57 vs. its estimate of $7.60 and consensus’ $7.76. The beat doesn’t totally pass into guidance raised, leading Oppenheimer to lower its Q4 estimate quite substantially.