🔴 Fair Isaac is trading 4.3% down today as Bank of America cuts target to $700

Fair Isaac is trading at $591.41, down 4.28%, after Bank of America Securities downgraded the stock to Neutral from Buy and cut its target to $700 from $1,400.

• The firm cited risks to score volumes, pricing and market share.
• FHFA’s move to put VantageScore 4.0 on the same mortgage pricing grid as Classic FICO has intensified competitive concerns.
• The broader market is mixed and does not clearly explain the decline.