TransUnion price target lowered to $78 from $80 at Morgan Stanley

Morgan Stanley analyst Toni Kaplan lowered the firm’s price target on TransUnion to $78 from $80 and keeps an Overweight rating on the shares. The firm is lowering its estimates for the credit bureaus on the back of recent bank closures, citing expectations for a tighter credit market. Morgan Stanley views recent events as likely to lead to tighter lending standards and higher funding costs, which in turn it sees leading to lower levels of new credit originations.