RBC Capital Downgrades FactSet Research Systems to Sector Perform, Lowers Price Target to $464
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Ashish Sabadra has downgraded FactSet Research Systems (NYSE:FDS) from Outperform to Sector Perform and lowered the price target from $500 to $464.
August 25, 2023 | 9:59 am
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FactSet Research Systems has been downgraded by RBC Capital from Outperform to Sector Perform, with a lowered price target from $500 to $464.
The downgrade from Outperform to Sector Perform by RBC Capital indicates a less optimistic outlook for FactSet Research Systems. The lowered price target from $500 to $464 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100