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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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