FactSet (FDS) Target Lowered by Wells Fargo Amid AI Concerns in Info Services

Group 1 - FactSet Research Systems Inc. (NYSE:FDS) is recognized as one of the 13 Cheapest Dividend Aristocrats to invest in [1] - Wells Fargo has reduced its price target for FactSet from $265 to $215, maintaining an Underweight rating due to broader weakness in the information services sector [2] - The decline in stock prices within the information services group is attributed to Q4 results from Gartner and concerns about AI's impact on the industry, although Wells Fargo believes the market reaction may be exaggerated [2] Group 2 - On February 10, FactSet announced a partnership with Kepler Cheuvreux, integrating its Aftermarket Research into the FactSet platform, enhanced by FactSet's AI tools [3] - Kepler Cheuvreux covers over 1,000 European stocks across 34 sectors, supported by a team of more than 110 equity analysts from 12 research offices in major financial hubs [4] - The partnership strengthens FactSet's Aftermarket Research offerings, which already include contributions from over 1,800 brokers globally, including major firms like J.P. Morgan and Deutsche Bank [5] Group 3 - FactSet operates as a global financial data and analytics platform, providing integrated financial data, analytics, and technology solutions to both institutions and individual professionals [6]