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.
Published first on TheFly
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