Goldman Sachs lowered the firm’s price target on Equifax to $241 from $276 and keeps a Neutral rating on the shares. Following the Q1 results, the analyst believes the near-to-medium term revenue and margin outlook for Equifax has become “more uncertain and incrementally more subdued.” The firm sees this limiting the stock’s valuation upside potential over the next four quarters.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EFX:
- Equifax falls 5% to $226 after Q2, FY24 guidance misses estimates
- Equifax Delivers First Quarter 2024 Revenue Growth of 7% to $1.389 Billion Amid Challenging Mortgage Market
- Equifax backs FY24 adjusted EPS view $7.20-$7.50, consensus $7.64
- Equifax sees Q2 adjusted EPS $1.65-$1.75, consensus $1.87
- Equifax reports Q1 adjusted EPS $1.50, consensus $1.44
