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Fly News Breaks for February 5, 2019
EFX
Feb 5, 2019 | 07:16 EDT
Deutsche Bank analyst Ashish Sabadra downgraded Equifax to Hold from Buy and cut his price target for the shares to $110 from $128. The shares have rallied significantly off the bottom and outperformed the market year-to-date due to expectations for improving mortgage originations and overall consumer lending, Sabadra tells investors in a research note titled "Stock Getting Ahead of Fundamentals." However, headwinds from potential share losses as well as an economic slowdown in the U.S. and uncertainty in the U.K. from Brexit could weigh on the company's results, adds the analyst. He sees potential downside risk to 2019 and 2020 consensus estimates and views Equifax's current valuations as full.
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