Truist lowered the firm’s price target on TransUnion to $51 from $75 and keeps a Hold rating on the shares. The analyst cites the company’s disappointing Q3 results and guide, noting that TransUnion is grappling with seemingly company-specific softening loan demand, declining Neustar discretionary spend, U.S. CFPB challenges, U.K. FinTech exposure and surprising decremental margin. Truist notes that these pressures are not seen “soon abating”, and the firm expects consensus estimates on TransUnion to fall sharply.
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- TransUnion downgraded to In Line at Evercore on deteriorating earnings outlook
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