- RBC Capital analyst Ashish Sabadra upgraded Equifax Inc. EFX to Outperform from Sector Perform and raised the price target to $300 (an upside of 25%), from $294.
- The analyst notes that the company's mortgage exposure has now been baked into investor expectations following the stock's relative underperformance compared to peers.
- Related: Baird Upgrades Equifax, Views Current Valuation As 'Attractive'
- The "increasingly positive" consumer lending data from recent bank earnings have also reinforced his confidence, and Equifax's "durable" Verification tailwinds and ID&F expansion bode well for sustainable low double-digit organic growth, mentions Sabadra.
- Also Read: Equifax Reveals International Expansion Of Verification Services
- Price Action: EFX shares traded higher by 2.26% at $239.35 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
