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Benzinga
Benzinga
Business
Akanksha Bakshi

Baird Upgrades Equifax, Views Current Valuation As 'Attractive'

Equifax Baird United States Morgan Stanley NYSE
  • Baird analyst Jeffrey Meuler upgraded Equifax Inc. (NYSE:EFX) to Outperform from Neutral and lowered the price target to $281 (an upside of 25%), from $290.
  • The analyst cites the company's "exceptional" employment/income verification business, a "very good business" as one of three global credit bureaus and its modernized tech stack.
  • Meuler mentions the cyclical outlook is favorable outside U.S. mortgage refi, while estimates already assume material U.S. refi headwinds. He views the current valuation of shares as "attractive."
  • Also Read: Read Morgan Stanley' Stance On Equifax, Nielsen.
  • Price Action: EFX shares traded lower by 2.51% at $219.99 on Monday's last check.
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