Stifel analyst Shlomo Rosenbaum raised the firm’s price target on TransUnion to $64 from $59 and keeps a Buy rating on the shares after the company announced a cost savings plan that is expected to generate $120M-$140M of total annualized operating expense savings by 2026. These actions should lift EBITDA in the next couple of years, and the firm’s increased price target reflects higher EBITDA estimates, but the analyst notes increased risk given this size of a reduction in force and an accelerated effort to consolidate onto one technology platform.
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