Evercore ISI downgraded TransUnion to In Line from Outperform with a price target of $52, down from $95, citing what the firm sees as a “rapidly deteriorating earnings outlook,” tied to a weakening U.S. and U.K. consumer credit backdrop. The firm’s 2024 and 2025 and EPS forecasts are cut by 16% and 19% to $3.55 and $4.00, respectively, driving its lower price target after TransUnion significantly cut 2023 guidance despite only a 1% top- and 3% bottom-line miss in Q3.
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Read More on TRU:
- TransUnion price target lowered to $67 from $95 at Baird
- TransUnion downgraded to In Line from Outperform at Evercore ISI
- TransUnion price target lowered to $55 from $80 at Barclays
- TransUnion double downgraded to Underperform at BofA on lack of catalysts
- TransUnion downgraded to Underperform from Buy at BofA
