UPDATE: RBC Capital Starts Equifax (EFX) at Sector Perform

RBC Capital analyst Ashish Sabadra initiates coverage on Equifax (NYSE: EFX) with a Sector Perform rating and a price target of $259.00.

The analyst comments "EFX’s dominant position and accelerated growth in employment verification have provided significant upside to estimates over the last couple of years, while the recovery in consumer lending and credit marketing globally bode well for revenue growth. However, we initiate coverage at Sector Perform with a $259 price target given the difficult comparables for Mortgage (roughly one-third of revenues) and Unemployment Claims (UC)."

For an analyst ratings summary and ratings history on Equifax click here. For more ratings news on Equifax click here.

Shares of Equifax closed at $245.89 yesterday.

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