Jefferies raised the firm’s price target on FICO (FICO) to $2,200 from $2,100 and keeps a Buy rating on the shares. The firm, which believes fears around regulatory uncertainty, the threat of market share loss from VantageScore, and concerns around the runway for further price increases will pass within the next 12-18 months, projects FICO can generate at least a 20%-30% adjusted EPS compound annual growth rate over the next three to five years, the analyst tells investors.
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