BofA analyst Heather Balsky lowered the firm’s price target on Equifax to $255 from $300 and keeps a Buy rating on the shares. The firm lowered its 2024 and 2025 EPS forecasts by 5% and 9%, respectively, following the company’s “messy” Q1 report, and added that the puts and takes “left us with some uncertainty” regarding management visibility. With that said, BofA believes Equifax stands to win the biggest gains when the market recovers and thinks it can hit its guidance, so the firm is “staying bulls.”
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
