FICO price target raised to $2,400 from $2,000 at Barclays

Barclays raised the firm’s price target on FICO (FICO) to $2,400 from $2,000 and keeps an Overweight rating on the shares. The company’s new mortgage direct license program is a “clear positive,” the analyst tells investors in a research note. The firm says the program effectively doubles the mortgage price from $4.95 to $10.