Wells Fargo lowered the firm’s price target on TransUnion to $67 from $94 and keeps an Overweight rating on the shares. The firm notes shares were under pressure following Q3 miss/big full year cut. Whereas macro could limit near-term catalysts, Wells’ base case for better 2024 environment supports high-$3 EPS, which suggests shares are oversold/opportunity for longer-term investors.
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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
