Equifax price target raised to $270 from $210 at Truist

Truist raised the firm’s price target on Equifax to $270 from $210 and keeps a Buy rating on the shares as part of a broader research note on FinTech names. After a strong Q4, the firm sees “more of the same” for the group as investors add exposure in a soft landing and press multiple expansion for fast-growing Digital FinTechs that are approaching profitability, the analyst tells investors in a research note. 2024 mortgage revenue is expected to be down around 5%, but earnings should bounce back significantly, growing 20% or more as the company enjoys cloud migration benefits and robust non-Mortgage EWS segment organic revenue growth, Truist added.