BofA analyst Heather Balsky lowered the firm’s price target on Equifax to $175 from $195 and keeps an Underperform rating on the shares ahead of the company reporting Q3 EPS on October 18. The stock has underperformed, but the firm still sees downside and worries that the company will miss second half of 2023 guidance, that “bullish investors are too optimistic” about the 2024 mortgage market recovery and that 2025 targets will need to be lowered.
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