FactSet (FDS) Target Lowered by Wells Fargo Amid AI Concerns in Info Services

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Wells Fargo lowered its price target on FactSet Research Systems Inc. (FDS) to $215 from $265, maintaining an Underweight rating due to broader weakness in the information services sector amidst AI concerns. Despite this, Wells Fargo suggested the market’s reaction might be overdone, seeing opportunities for companies with defensible proprietary data. FactSet recently announced a partnership with Kepler Cheuvreux to integrate its aftermarket research, enhanced by FactSet’s AI tools, into its platform.

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