Financial data provider FactSet rises after UBS upgrades to 'buy'

Shares of financial data provider FactSet FDS.N rise 3.2% to $298.29 after UBS upgrades stock to "buy" from "neutral"

Brokerage believes FDS and the information services sector as a whole have been caught up in a negative AI disruption theme, which is weighing on their multiples

Market does not fully appreciate the stickiness of FDS' offerings in a slow-moving industry - brokerage

UBS expects near-term annual subscription value growth to continue to accelerate, which should drive the shares higher

Two of 21 brokerages rate the stock "buy", 13 "hold" and six "sell" or lower; with median PT of $329.50, according to data compiled by LSEG

As of last close, FDS stock down 39.8% YTD