BofA analyst Heather Balsky upgraded TransUnion to Buy from Neutral with a price target of $91, up from $72. Recession risk is priced into the stock and margins are a positive catalyst, said the firm, which expects a "valuation true up" given it forecasts strong margins, even in a recession. 2023 EBITDA margin expansion potential from recent M&A is "underappreciated," the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on TRU:
- Amidst Stubbornly High Inflation, Consumers Continue to Turn to Credit Cards, Home Equity to Maintain Stability
- TransUnion Announces Investment in Bud to Drive Innovation and Growth in Open Banking
- TransUnion announces investment in Bud to drive innovation, growth
- TransUnion Appoints Linda Zukauckas to its Board of Directors
- JPMorgan US/Euro business info analysts hold analyst/industry conference call