Wells Fargo & Company has lowered its price target for FactSet Research Systems (NYSE:FDS) to $195.00 from $215.00, maintaining an “underweight” rating. This new target suggests a potential downside of 1.52% from its prior closing price. Despite FactSet beating quarterly EPS estimates and authorizing a $600 million share buyback, the overall analyst sentiment is mixed to negative, with a consensus rating of “Reduce” and an average price target of $298.54.
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FactSet Research Systems (NYSE:FDS) Given New $195.00 Price Target at Wells Fargo & Company
Wells Fargo & Company has lowered its price target for FactSet Research Systems (NYSE:FDS) to $195.00 from $215.00, maintaining an “underweight” rating. This new target suggests a potential downside of 1.52% from its prior closing price. Despite FactSet beating quarterly EPS estimates and authorizing a $600 million share buyback, the overall analyst sentiment is mixed to negative, with a consensus rating of “Reduce” and an average price target of $298.54.