TransUnion price target raised to $65 from $56 at BofA

BofA raised the firm’s price target on TransUnion to $65 from $56 and keeps an Underperform rating on the shares. A Q4 sales, margin and EPS beat was “arguably well broadcasted, although not reflected in consensus estimates” after the company had spoken positively about Q4 at a November investor conference and at BofA’s mid-December Credit Bureau IR Day, the analyst tells investors. While the firm thinks post-print share price strength was driven by 2024 guidance that bridged the Street and a 2024 outlook that management qualified as more “conservative” than 2023’s, BofA remains cautious as the consumer lending environment remains sluggish and visibility has been tough for TransUnion.