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EFX

Equifax

$98.99

-16.97 (-14.63%)

, TRU

TransUnion

$43.67

-4.05 (-8.49%)

05:06
09/14/17
09/14
05:06
09/14/17
05:06

Barclays cuts Equifax target, says further downside 'feels limited'

Barclays analyst Manav Patnaik lowered his price target for Equifax (EFX) shares to $115 but keeps an Overweight rating on the name. The stock closed yesterday down 15%, or $16.91, to $98.99. The analyst lowered his valuation multiple for the stock saying there are few, if any, positive catalysts over the near term as investors continue to digest the data breach. Patnaik, however, believes downside in the stock from current levels "feels limited." Regarding TransUnion (TRU), the analyst raised his price target for the shares to $50 from $48 and says he's a buyer on any further weakness. By all indications, the hack was an Equifax-specific event, Patnaik tells investors in a research note. After meeting with management, he believes TransUnion's fundamentals remain "very strong." The analyst maintains an Overweight rating on the shares.

EFX

Equifax

$98.99

-16.97 (-14.63%)

TRU

TransUnion

$43.67

-4.05 (-8.49%)

  • 27

    Oct

EFX Equifax
$98.99

-16.97 (-14.63%)

09/08/17
MACQ
09/08/17
NO CHANGE
MACQ
Beneficiaries of Equifax data breach at Macquarie
Macquarie analyst Sarah Hindlian said key beneficiaries of the Equifax (EFX) data breach are Proofpoint (PFPT) with its leading messaging solutions, Symantec (SYMC) which offers consumer identity theft services, and Imperva (IMPV) which offers web application security solutions.
09/11/17
PIPR
09/11/17
NO CHANGE
PIPR
Piper sees Equifax breach as positive for Symantec, FireEye, Proofpoint
Piper Jaffray analyst Andrew Nowinski views Equifax's (EFX) a cybersecurity breach as positive for Symantec (SYMC), FireEye (FEYE) and Proofpoint (PFPT). "Mega-breaches like Equifax not only create awareness for the security space, but typically result in an increase in spending by enterprises," Nowinski tells investors in a research note. Equifax offers a number of credit monitoring and identity theft protection services, similar to Symantec's LifeLock, the analyst points out. He believes Symantec should see a benefit to its LifeLock business. Nowinski adds FireEye's Mandiant has been reported to have been contracted to investigate the breach. The analyst's top picks remain Proofpoint and Symantec.
09/11/17
EVER
09/11/17
NO CHANGE
Target $174
EVER
Outperform
Equifax weakness a buying opportunity, says Evercore ISI
Evercore ISI analyst David Togut defended Equifax again after the second day of weakness due to the data breach. Togut said said there no new negative fundamental developments that would pressure the long-term earnings power of the company and reiterated his Outperform rating and $174 price target.
09/12/17
BARD
09/12/17
NO CHANGE
Target $141
BARD
Outperform
Equifax pullback on data breach an overreaction, says Baird
Baird analyst Jeffrey Meuler said although the Equifax data breach remains a notable negative, he views the selloff as an overreaction. He continues to believe the company's access to key data sources are unlikely to be affected and client relationships are unlikely to be meaningfully impaired in the intermediate to long-term. Meuler reiterated his Outperform rating and $141 price target on Equifax shares.
TRU TransUnion
$43.67

-4.05 (-8.49%)

06/28/17
BARD
06/28/17
NO CHANGE
Target $48
BARD
Outperform
TransUnion guidance remains conservative, says Baird
Baird analyst Jeffrey Mueler hosted investor meetings for TransUnion and continues to view it as a company with a long growth runway and sizable untapped addressable market. The analyst sees many growth drivers that are in the early to middle stages of monetization so he expects strong growth with strong margin expansion to continue. He believes guidance and estimates remain conservative. Meuler reiterated his Outperform rating and raised his price target to $48 from $46 on TransUnion shares.
09/05/17
RHCO
09/05/17
INITIATION
Target $54
RHCO
Buy
TransUnion initiated with a Buy at SunTrust
SunTrust analyst Andrew Jeffrey started TransUnion with a Buy rating and $54 price target. The analyst expects share gains to drive greater than peer revenue growth and margin expansion.
09/06/17
09/06/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Caterpillar (CAT) initiated with a Neutral at Seaport Global. 2. Liberty Global (LBTYA) initiated with a Buy at Deutsche Bank. 3. TransUnion (TRU) initiated with a Buy at SunTrust. 4. Inovio (INO) initiated with a Buy at Citi. 5. e.l.f. Beauty (ELF) initiated with a Buy at DA Davidson. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/08/17
DBAB
09/08/17
NO CHANGE
Target $160
DBAB
Buy
Equifax shares could close down 10% on breach, says Deutsche Bank
Deutsche Bank analyst Kevin McVeigh believes shares of Equifax (EFX) could close down 10% today after the company disclosed a security breach potentially impacting up to 143M consumers. The stock in premarket trading is down 13%, or $18.72, to $124.00. The analyst says that while difficult to quantify, his best effort suggests the financial impact could be in the range of $300M-$400M, which reflects the costs for credit monitoring, regulatory fines and penalties. Keith recommends waiting for Equifax shares to settle before accumulating fresh positions. The analyst, however, recommends buying TransUnion (TRU) on any selloff in sympathy to Equifax. He thinks TransUnion could trade down 3%-5% today before rebounding. Keith has a Buy rating on Equifax with a $160 price target.

TODAY'S FREE FLY STORIES

BBBY

Bed Bath & Beyond

$27.03

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  • 19

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CPRT

Copart

$32.54

-0.32 (-0.97%)

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STLD

Steel Dynamics

$33.83

0.03 (0.09%)

18:04
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Steel Dynamics sees Q3 adjusted EPS 63c-67c, consensus 70c »

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XBKS

Xenith Bankshares

$29.96

0.42 (1.42%)

17:58
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BMY

Bristol-Myers

$62.93

0.23 (0.37%)

17:54
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17:54
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17:54
Periodicals
Breaking Periodicals news story on Bristol-Myers »

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  • 24

    Sep

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BBBY

Bed Bath & Beyond

17:54
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Hot Stocks
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  • 19

    Sep

DESP

Despegar.com

17:52
09/19/17
09/19
17:52
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17:52
Syndicate
Despegar.com 12.7M share IPO priced at $26.00 »

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  • 20

    Sep

WAC

Walter Investment

$0.65

0.186 (40.09%)

17:50
09/19/17
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17:50
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17:50
Hot Stocks
Walter Investment says Barclays to increase financing available »

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CBAY

CymaBay

17:49
09/19/17
09/19
17:49
09/19/17
17:49
Initiation
CymaBay initiated  »

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  • 25

    Sep

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    Sep

BBBY

Bed Bath & Beyond

17:46
09/19/17
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17:46
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Hot Stocks
Bed Bath & Beyond sees net drop in Bed Bath & Beyond stores in FY17 »

Says rate of…

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  • 19

    Sep

EVH

Evolent Health

$15.65

-0.8 (-4.86%)

17:45
09/19/17
09/19
17:45
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17:45
Initiation
Evolent Health initiated  »

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  • 25

    Sep

BPL

Buckeye Partners

$56.33

0.64 (1.15%)

17:44
09/19/17
09/19
17:44
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17:44
Syndicate
Buckeye Partners announces $210M in limited partnership unit sales »

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RL

Ralph Lauren

$91.03

0.87 (0.96%)

17:43
09/19/17
09/19
17:43
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17:43
Initiation
Ralph Lauren initiated  »

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  • 03

    Oct

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    Oct

PVH

PVH Corp.

$127.47

-0.54 (-0.42%)

17:43
09/19/17
09/19
17:43
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Initiation
PVH Corp. initiated  »

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  • 19

    Sep

GEMP

Gemphire Therapeutics

$9.65

0.54 (5.93%)

, ORIG

Ocean Rig UDW

$0.16

-0.0083 (-4.90%)

17:43
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On The Fly: After Hours Movers »

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GEMP

Gemphire Therapeutics

$9.65

0.54 (5.93%)

ORIG

Ocean Rig UDW

$0.16

-0.0083 (-4.90%)

IOVA

Iovance Biotherapeutics

$8.55

0.3 (3.64%)

BBBY

Bed Bath & Beyond

$27.03

-0.27 (-0.99%)

FDX

FedEx

$216.00

0.92 (0.43%)

ADBE

Adobe

$156.60

0.83 (0.53%)

03/08/13
Wedge Partners
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  • 19

    Sep

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    Oct

KORS

Michael Kors

$46.18

1.53 (3.43%)

17:42
09/19/17
09/19
17:42
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17:42
Initiation
Michael Kors initiated  »

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LB

L Brands

$39.23

-0.75 (-1.88%)

17:42
09/19/17
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17:42
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Initiation
L Brands initiated  »

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HBI

Hanesbrands

$24.71

-0.02 (-0.08%)

17:41
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Initiation
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BBBY

Bed Bath & Beyond

$27.03

-0.27 (-0.99%)

17:41
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17:41
Recommendations
Bed Bath & Beyond analyst commentary  »

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  • 19

    Sep

GIII

G-III Apparel

$29.15

-0.26 (-0.88%)

17:41
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Initiation
G-III Apparel initiated  »

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COH

Coach

$40.35

-0.12 (-0.30%)

17:40
09/19/17
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Initiation
Coach initiated  »

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GPS

Gap

$27.94

0.04 (0.14%)

17:40
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Initiation
Gap initiated  »

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SFR

Starwood Waypoint Homes

$36.97

0.35 (0.96%)

17:37
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GVA

Granite Construction

$56.51

-0.56 (-0.98%)

17:36
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Hot Stocks
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BBBY

Bed Bath & Beyond

$27.03

-0.27 (-0.99%)

17:34
09/19/17
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17:34
09/19/17
17:34
Earnings
Bed Bath & Beyond sees FY17 revenue flat, consensus $12.47B »

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  • 19

    Sep

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