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RBC Capital has reiterated its "Sector Perform" rating on FactSet Research Systems (FDS), maintaining a price target of $243. The decision follows FactSet's robust second-quarter performance, which was characterized by competitive wins and improved pricing strategies. In a significant move, the company raised its adjusted earnings per share (EPS) and revenue guidance for the 2026 fiscal year. Management highlighted early contributions from artificial intelligence (AI) initiatives as a key driver for future growth and efficiency. Furthermore, FactSet announced an increase in its share repurchase program, signaling confidence in its long-term financial health. While the analyst rating remains neutral, the upward revision in long-term guidance suggests a positive fundamental outlook for the financial data provider.
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