- 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.
Reported Earlier, ‘McDonald’s To Raise Royalty Fees For New Franchised Restaurants For First Time In Nearly 30 Years; Franchise Royalty Fees For U.S. Restaurants Will Rise From 4% To 5% For Operators Opening New Locations’ – CNBC
https://www.cnbc.com/2023/09/22/mcdonalds-to-raise-royalty-fees-for-new-franchised-restaurants.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboardMcDonald's franchise royalty fees for U.S. restaurants
