Goldman Sachs lowered the firm’s price target on Equifax (EFX) to $293 from $312 and keeps a Neutral rating on the shares. The company reported “mixed” Q3 results with revenue and EBITDA margins coming modestly below the firm’s estimates and consensus, the analyst tells investors in a research note. Goldman Sachs adds however that reflecting a positive in the business, mortgage inquiries in Q3 inflected to y/y growth for the first time since 2021, signaling a likely bottom in mortgage volumes that should continue to benefit from lower rates.
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- Equifax reports Q3 adjusted EPS $1.85, consensus $1.83
- Equifax sees Q4 adjusted EPS $2.08-$2.18, consensus $2.20
- Equifax narrows FY24 adjusted EPS view to $7.25-$7.35 from $7.20-$7.50
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