Goldman Sachs analyst George Tong raised the firm’s price target on TransUnion to $72 from $63 and keeps a Neutral rating on the shares. The analyst cites peer group multiple appreciation for the target increase. The firm, however, believes TransUnion’s “unique” revenue mix and weakening credit conditions among subprime consumers will weigh on the company’s revenue performance over the near-term, accompanied by high decremental margins.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on TRU:
- Amgen upgraded, PepsiCo downgraded: Wall Street’s top analyst calls
- TransUnion initiated with an Outperform at Oppenheimer
- Up to One in Four Consumers Experience Fraud Attempts Via Mobile Devices Multiple Times Per Week or Daily
- TransUnion, Rocketer announce data collaboration to maximize quality customers
- Rocketer and TransUnion Announce Data Collaboration to Maximize High-Quality Customers for Insurance Providers
