TransUnion (TRU) PT Raised to $100 at Needham

Needham analyst Kyle Peterson raised the price target on TransUnion (NYSE: TRU) to $100.00 (from $95.00) while maintaining a Buy rating.

The analyst commented: "TRU's 2Q results beat Street estimates on the top and bottom line, as broad-based strength (mortgage, international, and emerging verticals) helped drive a good quarter. The company also raised guidance despite the recent climb in mortgage rates, which we chalk up to notable success in areas such as consumer lending and international markets such as the UK, India, and Mexico. Finally, we like that TRU continues to repurchase stock ($150M bought back YTD), which we view as a prudent use of cash with the shares trading at an FY27 P/E multiple of just 15x, a discount to info services peers. We are reiterating our BUY rating and raising our target to $100."

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