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Fly News Breaks for January 19, 2018
EFX
Jan 19, 2018 | 09:42 EDT
RBC Capital analyst Gary Bisbee raised his price target on Equifax to $126, forecasting a 7.5% reduction in effective tax rate that will boost 2018 and 2019 EPS by about 11%. The analyst says that while the company's core B2B business should survive the security breach "relatively unscathed" and lead to solid growth for the company over time, the short-term outlook is challenging on "significant uncertainty" related to the breach. The analyst also warns that consensus estimates "need to fall" due to deteriorating revenue and margins. Bisbee keeps his Sector Perform rating on Equifax.
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