FICO price target lowered to $2,000 from $2,250 at Barclays

Barclays lowered the firm’s price target on FICO (FICO) to $2,000 from $2,250 and keeps an Overweight rating on the shares. The Federal Housing Finance Agency Director Bill Pulte tweeted yesterday Fannie and Freddie will now accept Vantage Score 4.0 and maintain the tri-merge system in order to promote competition for credit scoring, the analyst tells investors in a research note. The firm views this as less of a short-term concern for FICO, but says it could be a long-term issue to consider.