- BMO Capital Markets analyst Jeffrey M. Silber initiates coverage on FactSet Research Systems Inc (NYSE:FDS) at Market Perform at a price target of $424.
- The analyst believes FDS’ subscription-based model and expansion into a moderately stable wealth industry shields it against cyclicality and can drive market share gain in the future.
- Also, Silber sees the aggressive price increases in recent years with management’s focus on margin expansions as a growth catalyst.
- However, the analyst cites ongoing pressure in the financial sector as a matter of concern, with AUM reductions, constrained budgets and headcount cuts in the industry.
- The analyst expects revenues and adjusted EPS of $2.09 billion and $14.64 (consensus: $14.90) for 2023 and $2.23 billion and $16.21 (consensus: $16.44), respectively, for 2024.
- Also read: FactSet Slashes FY23 Topline Outlook After Mixed Q2 Results
- Price Action: FDS shares are trading lower by 0.13% at $397.83 on the last check Monday.
SpringWorks Therapeutics Announces Clinical Data Presentations Of Nirogacestat =In Combination With BCMA-Directed Therapies At The European Hematology Association 2023 Congress
SpringWorks Therapeutics, Inc. (NASDAQ:SWTX), a clinical-stage biopharmaceutical company focused on developing life-changing medicines for patients with severe rare diseases and cancer, announced today that data from two
