Deutsche Bank Starts TransUnion (TRU) at Buy
Get Alerts TRU Hot Sheet
Rating Summary:
15 Buy, 6 Hold, 0 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 11 | Down: 9 | New: 12
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Deutsche Bank initiated coverage on TransUnion (NYSE: TRU) with a Buy rating and a price target of $29.
Analyst Paul Ginocchio said, "Revenue growth is accelerating, partially driven by new products and unique datasets, while operating leverage is set to continue to be strong due to the cost savings from the ongoing technology transformation. We think estimates for TransUnion will rise over the coming quarters, the debt paydown will accrete to shareholders, and the 10% discount to Equifax on '16E EV/EBITDA will dissipate. Thus we rate TransUnion a Buy and set a $29 price target."
For an analyst ratings summary and ratings history on TransUnion click here. For more ratings news on TransUnion click here.
Shares of TransUnion closed at $25.27 yesterday.
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