Jefferies analyst Surinder Thind raised the firm’s price target on TransUnion (TRU) to $98 from $86 and keeps a Buy rating on the shares. Though the firm has “modestly lowered” its Q2 estimates for Equifax (EFX), TransUnion and FICO (FICO) given that mortgage volumes declined 3% quarter-over-quarter, versus expectations of a seasonal increase, this headwind should be partially offset by other areas of strength as the consumer remains relatively strong. The firm expects all three credit bureau companies to report in line results and reiterate guidance, the analyst tells investors in a preview note for the group.
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