(Updates with the analyst's commentary.)
Morgan Stanley raised its price target on FactSet Research Systems (FDS) to $393 from $390 while maintaining its underweight rating.
The brokerage said the company's organic Annual Subscription Value growth was "better-than-expected" for fiscal Q3, "despite volatility" in the quarter.
FactSet "noted a healthy pipeline" going into fiscal Q4 and reiterated its outlook, Morgan Stanley said.
FactSet has an average rating of hold and mean price target of $447.38, according to analysts polled by FactSet.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 430.68, Change: -6.35, Percent Change: -1.45
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