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Benzinga

Business

Akanksha Bakshi

Barclays Cuts Equifax's Price Target By 9%

Equifax Barclays EFX Equifax Inc Morgan Stanley NYSE

Equifax Inc's (NYSE:EFX) price target has been lowered to $300 (an upside of 26%) from $330 by Barclays analyst Manav Patnaik.
The analyst maintained his Overweight rating on EFX's shares.
Patnaik's price target reduction mirrors market de-rating and the recession risk.
Meanwhile, the analyst appreciates the diversity of the company's solution sets and tech-powered innovation capabilities.
Yesterday, Morgan Stanley lowered its price target on Equifax to $274 (an upside of 16%) from $296 while maintaining the Overweight rating on the shares.
Also Read: Equifax, Team Velocity Partner On Marketing Solutions For Auto Dealers
Price Action: EFX shares traded higher by 1.80% at $238.03 on the last check Thursday.

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