Piper Sandler raises Cboe Global Markets (BATS:CBOE) price target from $160 to $174
Piper Sandler analyst Patrick Moley maintains Cboe Global Markets (BATS:CBOE) with a Overweight and raises the price target from $160 to $174.
Category: Financials
Oppenheimer raises Jefferies (NYSE:JEF) price target from $39 to $43
Oppenheimer analyst Chris Kotowski maintains Jefferies Financial Group (NYSE:JEF) with a Outperform and raises the price target from $39 to $43.
Oppenheimer lowers Goldman Sachs (NYSE:GS) price target from $461 to $450
Oppenheimer analyst Chris Kotowski maintains Goldman Sachs Group (NYSE:GS) with a Outperform and lowers the price target from $461 to $450.
Oppenheimer lowers Morgan Stanley (NYSE:MS) price target from $105 to $100
Oppenheimer analyst Chris Kotowski maintains Morgan Stanley (NYSE:MS) with a Outperform and lowers the price target from $105 to $100.
RBC Capital maintains Morgan Stanley (NYSE:MS) $90 price target
RBC Capital analyst Gerard Cassidy reiterates Morgan Stanley (NYSE:MS) with a Sector Perform and maintains $90 price target.
FactSet Likely Faces Deceleration in Organic Annual Subscription Value Growth, Morgan Stanley Says
FactSet Research Systems (FDS) is likely to see a deceleration in organic annual subscription value, or ASV, growth for the year ending 2024, Morgan Stanley said in a note. The investment firm said it continues to model 6.5% organic ASV growth for the year ending 2024, implying a 60 basis point deceleration from the year ending 2023. “We remain cautious given the challenging market environment and prefer other names across info services with higher EPS growth trading at lower valuation,” Morgan Stanley said. FactSet expects continued pressure in fiscal H1 of 2024 due partly to tighter client budgets but forecasts a recovery in fiscal H2 on better client sentiment, some new business wins and a stronger pipeline in wealth, the report said. “In order to become more constructive, we would like to see evidence of potential ASV inflection before thinking that we have reached the bottom,” Morgan Stanley said. Morgan…
FactSet (NYSE:FDS) Expects FY24 Revenue of $2.21B-$2,23B Vs $2.23B Est, Adj EPS $15.65-$16.15 Vs $16.65 Est
FactSet (NYSE:FDS) of Fiscal 2024 Expectations Organic ASV plus professional services is expected to grow in the range of $130 million to $175 million during fiscal 2024. GAAP revenues are expected to be in the range of $2,210 million to $2,230 million. GAAP operating margin is expected to be in the range of 33.1% to 33.5%. Adjusted operating margin is expected to be in the range of 36.3% to 36.7%. FactSet’s annual effective tax rate is expected to be in the range of 17.0% to 18.0%. GAAP diluted EPS is expected to be in the range of $14.20 to $14.70. Adjusted diluted EPS is expected to be in the range of $15.65 to $16.15.
FactSet (NYSE:FDS) ‘s Q4 Earnings Decline, Revenue Rises
FactSet (NYSE:FDS) reported Q4 adjusted earnings of $2.93 per diluted share, down from $3.13 a year earlier. Analysts polled by FactSet expected $3.50 per share. Revenue for the quarter ended Aug. 31 was $535.8 million, up from $499.3 million a year earlier. Analysts polled by FactSet expected $535.7 million. For fiscal 2024, the financial data company expects adjusted earnings of between $15.65 and $16.15 per diluted share. Analysts polled by FactSet expect $16.66. Revenue is expected to be between $2.21 billion and $2.23 billion. Analysts polled by FactSet expect $2.23 billion.
Jefferies raises Intercontinental Exchange (NYSE:ICE) price target from $129 to $134
Jefferies analyst Daniel Fannon maintains Intercontinental Exchange (NYSE:ICE) with a Buy and raises the price target from $129 to $134.
Raymond James lowers Charles Schwab (NYSE:SCHW) price target from $77 to $72
Raymond James analyst Patrick O’Shaughnessy maintains Charles Schwab (NYSE:SCHW) with a Outperform and lowers the price target from $77 to $72.