FICO pullback brings ‘long-awaited opportunity,’ says Jefferies

Jefferies says Federal Housing Finance Agency Director Bill Pulte’s “vague comments” reinforce its view that the FHFA cannot directly regulate FICO (FICO) and the prices it charges. The director’s “media blitz appears to be more of a pressure tactic,” the analyst tells investors in a research note. The firm says that although headline risk remains, the pullback in FICO shares “has created a long-awaited opportunity.” Jefferies sees a lack of insight into potential political action against FICO and keeps a Buy rating on the shares with a $2,500 price target