FICO price target raised to $1,800 from $1,650 at BMO Capital

BMO Capital analyst Ryan Griffin raised the firm’s price target on FICO (FICO) to $1,800 from $1,650 and keeps an Outperform rating on the shares. The firm is restoring its price target having received additional information regarding expert Clayton Dukes’s roles and responsibilities at FICO, the analyst tells investors in a research note. The company has a very high-quality business model given its ability to take prices in Scores across lending classes, and BMO believes a recovery in origination volumes should benefit FICO.