Deutsche Bank Downgrades FactSet Research Systems to Hold, Raises Price Target to $480
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Faiza Alwy has downgraded FactSet Research Systems (FDS) from Buy to Hold while increasing the price target from $471 to $480.
December 08, 2023 | 10:03 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
FactSet Research Systems was downgraded by Deutsche Bank from Buy to Hold, although the price target was raised from $471 to $480.
The downgrade to Hold suggests that Deutsche Bank sees limited upside potential for FDS, which could temper investor enthusiasm. However, the increase in the price target to $480 indicates a belief that the stock still has room to grow, albeit at a slower pace. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100