Jefferies raised the firm’s price target on TransUnion to $85 from $75 and keeps a Buy rating on the shares. The firm is “generally positive” heading into Q4 earnings, as it believes consensus expectations for 2024 guidance are too low in light of what it estimates will be material increases in mortgage prices next year. The firm expects TransUnion to report at or above the high-end of their Q4 guidance and initiate 2024 guidance that is “favorably viewed,” the analyst tells investors in a preview note.
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