Equifax (EFX) PT Lowered to $300 at Jefferies

Jefferies analyst Surinder Thind lowered the price target on Equifax (NYSE: EFX) to $300.00 (from $340.00) while maintaining a Buy rating.

The analyst comments "We believe results will be in line with 4Q guidance. Our 4Q revenue estimate is unchanged at $1,447M (+9.1% y/y), which is slightly above consensus ($1,443M) and near the midpoint of guidance of $1,438-1,458M. Mgmt's guidance assumes 4Q mortgage inquiries would be up +9% y/y, and mortgage volume trends in the quarter are reasonably supportive of this. Our adj EPS estimate of $2.08 (previously $2.13) is at the bottom-end of mgmt's guidance of $2.08-2.18 and below consensus ($2.10) as we've modestly lowered our margin outlook."

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