BUZZ-Jefferies cuts Factset PT on demand slowdown

Reuters
17 Mar
BUZZ-Jefferies cuts Factset PT on demand slowdown

** Jefferies cuts PT of business data provider Factset FDS.N to $435 from $486, saying recent macro volatility put pressure on its product demand

** The brokerage lowers its 2025 estimates for FDS, and now expects adj. EPS of $17.20 per share, down from $17.36 per share

** Three of 21 brokerages rate the stock "buy" 12 "hold," and six "sell" or "strong sell"; their median PT is $470 - LSEG data

** As of last close, stock down ~9% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))

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