Deutsche Bank Updates FactSet (FDS) Coverage with Lower Target

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Deutsche Bank analyst Faiza Alwy lowered the price target for FactSet Research Systems Inc. (FDS) to $275 from $335, while maintaining a Hold rating. This update follows FactSet’s recent appointments of Kate Stepp as Chief AI Officer and Bob Stolte as Chief Technology Officer, signaling a strategic focus on enhancing client value through artificial intelligence and modernizing its technology platform. The company, a global financial digital platform provider, views these leadership changes as crucial for driving AI development and ensuring operational resilience across its worldwide operations.

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