Truist analyst Andrew Jeffrey raised the firm’s price target on Equifax to $260 from $195 and keeps a Buy rating on the shares as part of a broader research note on Analytics and Information Services. The analyst is positive on the company’s robust EWS organic revenue growth and bottoming mortgage revenue that should drive "superior through-the-cycle EPS growth". Weak first half mortgage revenue will pressure EBITDA, but looking to 2024, cloud-driven leverage should support about 200bp of EBITDA margin expansion and mid-20% EPS growth, the firm tells investors in a research note.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on EFX:
- Equifax Board of Directors Declares Quarterly Dividend
- Equifax Acquires Profile Credit’s Food Industry Credit Bureau
- Equifax Acquires Profile Credit’s Food Industry Credit Bureau
- Equifax acquires Food Industry Credit Bureau from Profile Credit
- Equifax acquires The Food Industry Credit Bureau, terms not disclosed
