Redburn Atlantic initiated coverage of FICO with a Neutral rating and $1,113 price target. Credit plays an important role behind economic growth, and the credit bureaus help to drive higher credit penetration in economies around the world, the analyst tells investors in a research note. The firm says growth opportunities for the credit bureaus and Fico over the next decade look highly attractive, and the established U.S. credit businesses” provide an advantageous springboard into these markets.”
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