Experian initiated with an Outperform at Exane BNP Paribas

Exane BNP Paribas analyst Andrew Grobler initiated coverage of Experian with an Outperform rating and 3,200 GBp price target. The analyst yesterday initiated coverage of the business services sector. He sees significant addressable market growth for credit information companies, but anticipates that pressure on prices, costs and services will weigh on margins.