Barclays Downgrades FactSet Research Systems to Equal-Weight, Lowers Price Target to $460
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Manav Patnaik downgraded FactSet Research Systems (FDS) from Overweight to Equal-Weight and reduced the price target from $480 to $460.

March 22, 2024 | 9:27 am
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Barclays downgraded FactSet Research Systems from Overweight to Equal-Weight and lowered the price target from $480 to $460.
The downgrade by Barclays from Overweight to Equal-Weight, along with a reduction in the price target, suggests a less optimistic outlook on FDS's future performance. This could lead to a negative short-term impact on the stock price as investors adjust their expectations based on this new analyst rating.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100