Equifax (EFX) PT Raised to $260 at Needham & Company Following Earnings

April 22, 2021 12:35 PM EDT
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Price: $239.56 +1.01%

Rating Summary:
    12 Buy, 10 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 38 | Down: 18 | New: 7
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Needham & Company analyst Kyle Peterson raised the price target on Equifax (NYSE: EFX) to $260.00 (from $215.00) while maintaining a Buy rating.

The analyst commented, "EFX's 1Q results came in well-above both ours and consensus expectations on both the top and bottom line due to continued strength within EWS and improving growth within the non-mortgage USIS business lines. In addition, the company raised its full-year outlook despite taking a more conservative view on the US mortgage market in response to the recent uptick in interest rates. Coming off the quarter, we believe that today's 15%+ rally in the shares is warranted, especially given the building momentum within the non-mortgage businesses. We remain constructive on EFX and continue to recommend the shares for investors looking for exposure to the positive secular trends driving growth in financial data and information. We are reiterating our BUY rating and are raising our price target to $260."

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