** Wells Fargo cuts PT on credit scoring giant Fair Isaac Corp FICO.N to $2,300 from $2,500 which is still a 91.6% upside to the stock's last close

** Brokerage cuts PT to reflect lower peer multiples

** Wells Fargo sees minimal incentive for lenders to switch from FICO, even with VantageScore priced lower to increase score competition in the mortgage market

** "We still see hurdles to avoid "cherry-picking", where lenders pull both a FICO and VS to only submit the more favorable one which reduces the reliability of the score" - Wells Fargo

** 15 of 22 analysts rate stock "strong buy" or "buy", six "hold" and one "sell"; their median PT is $1,983.5 - data compiled by LSEG

** As of last close, stock down 29% YTD

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com;))