Oppenheimer analyst Chris Kotowski maintains Goldman Sachs Group (NYSE:GS) with a Outperform and lowers the price target from $461 to $450.
Oppenheimer lowers Goldman Sachs (NYSE:GS) price target from $461 to $450 Read Post »
Oppenheimer analyst Chris Kotowski maintains Morgan Stanley (NYSE:MS) with a Outperform and lowers the price target from $105 to $100.
Oppenheimer lowers Morgan Stanley (NYSE:MS) price target from $105 to $100 Read Post »
RBC Capital analyst Gerard Cassidy reiterates Morgan Stanley (NYSE:MS) with a Sector Perform and maintains $90 price target.
RBC Capital maintains Morgan Stanley (NYSE:MS) $90 price target Read Post »
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) 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) 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.
FactSet (NYSE:FDS) ‘s Q4 Earnings Decline, Revenue Rises Read Post »
Jefferies analyst Daniel Fannon maintains Intercontinental Exchange (NYSE:ICE) with a Buy and raises the price target from $129 to $134.
Jefferies raises Intercontinental Exchange (NYSE:ICE) price target from $129 to $134 Read Post »
Raymond James analyst Patrick O’Shaughnessy maintains Charles Schwab (NYSE:SCHW) with a Outperform and lowers the price target from $77 to $72.
Raymond James lowers Charles Schwab (NYSE:SCHW) price target from $77 to $72 Read Post »
Charles Schwab Corp Says It Expect To Post Pre-tax Margin Of 40% Or Greater When We Report Q3 Results Next Month。
Piper Sandler analyst Scott Siefers maintains Bank of America (NYSE:BAC) with a Underweight and lowers the price target from $28 to $27.5.
Piper Sandler lowers Bank of America (NYSE:BAC) price target from $28 to $27.5 Read Post »
Piper Sandler analyst Scott Siefers maintains Citigroup (NYSE:C) with a Neutral and lowers the price target from $50 to $47.
Piper Sandler lowers Citigroup (NYSE:C) price target from $50 to $47 Read Post »
Citigroup CFO Says Expects To Do Modest Stock Buybacks This Quarter.
Citigroup CFO Says Expects To Do Modest Stock Buybacks This Quarter Read Post »