Wolfe Research analyst Scott Wurtzel initiated coverage of TransUnion with a Peer Perform rating. The firm believes that the company can accelerate its revenue and earnings amid easing comps and gradual recovery in lending markets, but also contends that TransUnion still needs to prove out on sustinable long-term growth path relative to its peers, the analyst tells investors in a research note. Wolfe adds that while there could be incremental capital return from TransUnion once the company gets within its leverage target, this could take until the beginning or middle of 2025 to play out.
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