Truist analyst Andrew Jeffrey lowered the firm’s price target on TransUnion (TRU) to $66 from $74 and keeps a Hold rating on the shares as part of a broader research note on FinTech and Info Services. The failures of three regional banks ranges from muted to material, and while the concern about tech demand in the industry and the macro knock-on risk is reasonable, some names have overreacted, the analyst tells investors in a research note. The firm adds that it continues to favor Equifax (EFX) over TransUnion as the company has less credit reporting exposure owing to its fast-growing EWS segment, which is increasingly diversified.
Published first on TheFly
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