Financials

FactSet Launches FactSet Mercury to Supercharge Junior Banker Workflows

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FactSet, a global financial digital platform and enterprise solutions provider, today announced the beta release of its latest AI advancement, FactSet Mercury, an innovative large language model-based knowledge agent to power modern digital workflows and enhance fact-based decision making. FactSet Mercury is a breakthrough solution that optimizes the company research workflow for junior bankers, offering a single, trusted conversational interface to access key company information with supporting context and actionable next steps. With FactSet Mercury, users can access FactSet’s comprehensive financial fundamentals and pricing data, along with extensive bank and branch regulatory data through an integrated suite of generative AI (GenAI) tools surfaced in a single chat interface. New features of the chatbot include Chart Creator, which empowers a user’s next best action by using natural language to create a pitch-ready chart. “We are thrilled for clients to experience mile-wide discoverability on FactSet by simply asking for what they need,” […]

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FactSet Research Systems (NYSE:FDS) Analyst Ratings

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FactSet Research Systems (NYSE:FDS) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/08/2023 9.54% Deutsche Bank $471 → $480 Downgrades Buy → Hold 09/22/2023 4.97% B of A Securities $450 → $460 Maintains Neutral 09/22/2023 5.89% RBC Capital → $464 Reiterates Sector Perform → Sector Perform 09/22/2023 -0.5% BMO Capital $419 → $436 Maintains Market Perform 09/22/2023 -19.67% Morgan Stanley $332 → $352 Maintains Underweight 09/22/2023 -16.25% Goldman Sachs $380 → $367 Maintains Sell 09/05/2023 7.48% Deutsche Bank $461 → $471 Maintains Buy 08/25/2023 5.89% RBC Capital $500 → $464 Downgrades Outperform → Sector Perform 06/27/2023 9.54% Barclays $520 → $480 Maintains Overweight 06/26/2023 -4.38% BMO Capital $424 → $419 Maintains Market Perform 06/23/2023 -24.24% Morgan Stanley $335 → $332 Maintains Underweight 06/23/2023 -13.28% Goldman Sachs $365 → $380 Maintains Sell 06/15/2023 2.69% B of A Securities → $450 Reinstates → Neutral 05/23/2023

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Morgan Stanley (NYSE:MS) Analyst Ratings

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Morgan Stanley (NYSE:MS) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 11/28/2023 3.21% Societe Generale → $80 Downgrades Buy → Hold 11/20/2023 9.66% Exane BNP Paribas → $85 Downgrades Outperform → Neutral 11/16/2023 32.89% Oppenheimer $98 → $103 Maintains Outperform 10/23/2023 2.12% Odeon Capital → $79.15 Downgrades Buy → Hold 10/20/2023 — Wolfe Research Upgrades Underperform → Peer Perform 10/19/2023 25.15% Evercore ISI Group $102 → $97 Maintains Outperform 10/19/2023 30.31% BMO Capital $102 → $101 Maintains Outperform 10/19/2023 26.44% Oppenheimer $100 → $98 Maintains Outperform 10/11/2023 8.37% UBS $110 → $84 Downgrades Buy → Neutral 10/05/2023 18.69% JP Morgan $93 → $92 Maintains Overweight 09/26/2023 29.02% Oppenheimer $105 → $100 Maintains Outperform 09/25/2023 16.11% RBC Capital → $90 Reiterates Sector Perform → Sector Perform 09/07/2023 27.73% HSBC → $99 Initiates Coverage On → Buy 08/18/2023 35.47% Oppenheimer $110 → $105 Maintains Outperform

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JPMorgan Chase (NYSE:JPM) Analyst Ratings

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JPMorgan Chase (NYSE:JPM) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 11/16/2023 61.44% Oppenheimer $233 → $243 Maintains Outperform 10/16/2023 12.94% Piper Sandler $168 → $170 Maintains Overweight 10/16/2023 13.61% BMO Capital $167 → $171 Maintains Market Perform 10/16/2023 54.8% Oppenheimer $215 → $233 Maintains Outperform 10/16/2023 26.89% Morgan Stanley $187 → $191 Maintains Overweight 10/03/2023 24.24% Morgan Stanley $179 → $187 Maintains Overweight 09/26/2023 42.84% Oppenheimer $219 → $215 Maintains Outperform 09/12/2023 4.97% RBC Capital → $158 Reiterates Outperform → Outperform 09/12/2023 18.92% Morgan Stanley $173 → $179 Maintains Overweight 09/08/2023 4.97% RBC Capital → $158 Reiterates Outperform → Outperform 09/07/2023 5.63% HSBC → $159 Initiates Coverage On → Hold 08/18/2023 45.5% Oppenheimer $227 → $219 Maintains Outperform 08/01/2023 6.3% Atlantic Equities $150 → $160 Maintains Neutral 07/18/2023 14.93% Morgan Stanley $160 → $173 Maintains Overweight 07/17/2023 11.61% Piper Sandler $158 →

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December Private-Sector Activity Signals ‘Modest’ Expansion, S&P Global Survey Shows

/ / Financials /

US private-sector activity signaled “modest” expansion in December led by the services component, while output expectations over the coming year improved, according to S&P Global’s (SPGI) flash purchasing managers’ index released Friday. The composite output index this month rose to 51 — a five-month high — from 50.7 in November, topping the 50.5 consensus in a survey complied by Bloomberg. The 50-point mark separates expansion from contraction. Services sector output rose to a five-month high of 51.3 in December from 50.8 last month, while the manufacturing PMI fell to a four month-low of 48.2 from 49.4. Wall Street was looking for 50.7 and 49.5, respectively. “Looser financial conditions have helped boost demand, business activity and employment in the service sector, and have also helped lift future output expectations higher,” S&P Global Market Intelligence Chief Business Economist Chris Williamson said. “However, the increased cost of living and cautious approach to spending

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BlackRock (NYSE:BLK) Analyst Ratings

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BlackRock (NYSE:BLK) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/15/2023 -12.28% JP Morgan $708 → $708 Downgrades Overweight → Neutral 12/12/2023 9.65% Exane BNP Paribas → $885 Upgrades Neutral → Outperform 11/30/2023 -1.75% Goldman Sachs $719 → $793 Maintains Buy 10/16/2023 -12.28% JP Morgan $736 → $708 Maintains Overweight 10/16/2023 11.13% Morgan Stanley $836 → $897 Maintains Overweight 10/11/2023 -0.88% Deutsche Bank $814 → $800 Maintains Buy 10/06/2023 3.58% Morgan Stanley $888 → $836 Maintains Overweight 10/04/2023 -10.8% Wells Fargo $820 → $720 Maintains Overweight 07/18/2023 10.02% Morgan Stanley $881 → $888 Maintains Overweight 07/17/2023 -2.74% Deutsche Bank $780 → $785 Maintains Buy 07/14/2023 0.98% Citigroup $750 → $815 Maintains Buy 07/12/2023 9.15% Morgan Stanley $861 → $881 Maintains Overweight 07/10/2023 3.45% Keefe, Bruyette & Woods $770 → $835 Upgrades Market Perform → Outperform 07/03/2023 -4.6% JP Morgan $780 → $770 Maintains

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Moody’s (NYSE:MCO) Analyst Ratings

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Moody’s (NYSE:MCO) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/15/2023 16.18% Wells Fargo $365 → $455 Upgrades Equal-Weight → Overweight 10/26/2023 -14.97% Stifel $344 → $333 Maintains Hold 10/26/2023 -2.71% RBC Capital → $381 Reiterates Outperform → Outperform 10/26/2023 -6.54% BMO Capital $399 → $366 Maintains Outperform 10/26/2023 -18.8% Morgan Stanley $332 → $318 Maintains Equal-Weight 10/26/2023 -13.18% Barclays $350 → $340 Maintains Equal-Weight 10/18/2023 -2.97% JP Morgan $390 → $380 Maintains Overweight 10/03/2023 -15.22% Morgan Stanley $345 → $332 Maintains Equal-Weight 09/18/2023 3.16% RBC Capital → $404 Reiterates Outperform → Outperform 09/14/2023 -0.41% Wolfe Research → $390 Initiates Coverage On → Outperform 07/27/2023 1.88% BMO Capital $390 → $399 Maintains Outperform 07/26/2023 -11.9% Morgan Stanley $323 → $345 Maintains Equal-Weight 07/26/2023 3.16% RBC Capital $350 → $404 Maintains Outperform 07/26/2023 -6.8% Wells Fargo $346 → $365 Maintains Equal-Weight 07/13/2023 -11.65% Wells

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Wells Fargo Analyst Ratings

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Wells Fargo Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/14/2023 16.11% Odeon Capital → $56.08 Upgrades Hold → Buy 12/08/2023 -2.69% Piper Sandler $45 → $47 Maintains Neutral 12/06/2023 13.87% Raymond James $52 → $55 Maintains Strong Buy 12/04/2023 11.8% Morgan Stanley $52 → $54 Maintains Overweight 12/01/2023 3.52% Goldman Sachs $45 → $50 Maintains Buy 10/16/2023 11.8% BMO Capital $52 → $54 Maintains Market Perform 09/22/2023 -8.9% Deutsche Bank $44 → $44 Reiterates Buy → Buy 09/07/2023 -6.83% HSBC → $45 Initiates Coverage On → Hold 08/01/2023 7.66% Morgan Stanley $49 → $52 Maintains Overweight 08/01/2023 8.7% Atlantic Equities $50 → $52.5 Maintains Overweight 07/18/2023 1.45% Morgan Stanley $47 → $49 Maintains Overweight 07/17/2023 -6.83% Piper Sandler $43 → $45 Maintains Neutral 07/17/2023 -9.42% Odeon Capital → $43.75 Downgrades Buy → Hold 07/17/2023 5.59% BMO Capital $54 → $51 Maintains Market

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Bank of America Analyst Ratings

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Bank of America Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/14/2023 16.59% Odeon Capital → $37.94 Upgrades Hold → Buy 12/01/2023 1.41% Goldman Sachs $30 → $33 Maintains Buy 11/16/2023 56.73% Oppenheimer $49 → $51 Maintains Outperform 11/06/2023 -7.81% Keefe, Bruyette & Woods $29 → $30 Upgrades Underperform → Market Perform 10/18/2023 50.58% Oppenheimer $48 → $49 Maintains Outperform 10/18/2023 22.93% BMO Capital $39 → $40 Maintains Market Perform 10/03/2023 -1.66% Morgan Stanley $34 → $32 Maintains Equal-Weight 09/26/2023 47.51% Oppenheimer $49 → $48 Maintains Outperform 09/15/2023 -15.49% Piper Sandler $28 → $27.5 Maintains Underweight 09/12/2023 7.56% RBC Capital → $35 Reiterates Outperform → Outperform 09/07/2023 7.56% HSBC → $35 Initiates Coverage On → Buy 08/23/2023 22.93% Wells Fargo $43 → $40 Maintains Overweight 08/18/2023 50.58% Oppenheimer $52 → $49 Maintains Outperform 07/19/2023 4.49% Morgan Stanley $33 → $34 Maintains Equal-Weight 07/19/2023

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CFRA Maintains Buy Opinion On Shares Of S&p Global Inc.

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CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We decrease our 12-month target price by $10 to $470, a forward P/E of 32.4x our 2024 earnings estimate, a premium to the five-year historic average of 28.2x given higher recurring revenue and expectations for above-trend growth. We increase our 2023 EPS by $0.05 to $12.68 and raise 2024’s by $0.04 to $14.49. SPGI posted Q3 adjusted EPS of $3.21 vs. $2.93 a year ago, a $0.17 earnings beat. SPGI’s operating power was on full display in the quarter as accelerating growth was identified in each of the companies’ divisions. Leading the charge was Ratings (+20% Y/Y), which benefited from growth in transaction revenue as billed issuance increased significantly from prior depressed levels. Encouraging signs were also seen in Commodity Insights (+11%) with strong subscription growth, as

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CFRA Maintains Buy Opinion On Shares Of Intercontinental Exchange, Inc.

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CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We decrease our 12-month target price by $5 to $130, reflecting a P/E of 21.4x our 2024 EPS estimate, in line with ICE’s 10-year average of 21.3x. We lower our 2023 EPS estimate by $0.06 to $5.66 and reduce 2024’s by $0.10 to $6.09. ICE posted Q3 adjusted EPS of $1.46 vs. $1.31, beating consensus by $0.07. It was an exciting quarter as ICE finally closed Black Knight (originally announced May 2022), a deal which we believe will pay substantial dividends once mortgage rates begin to fall. Unfortunately, this may take some time and we note adjusted revenues in Mortgage Technology fell 7% Y/Y given the highest mortgage rates in decades. Still, ICE is far from a one trick pony and its countercyclical Exchange segment saw revenues

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