As previously reported, Morgan Stanley analyst Toni Kaplan upgraded TransUnion (TRU) to Overweight from Equal Weight with a price target of $100 as she believes the consensus view is under-estimating its opportunities for growth and she expects the company's 9% revenue growth in 2020 to be 300 basis points higher than peer Equifax (EFX). She also upgraded S&P Global (SPGI) to Overweight from Equal Weight with a price target of $323 as she is confident around sustained mid-single-digit organic growth and prefers it over Moody's (MCO), which she also upgraded to Equal Weight from Underweight. The firm's credit team still expects some spread widening, which is why she prefers S&P, Kaplan noted. Additionally, she upgraded Verisk Analytics (VRSK) to Overweight from Equal Weight with a price target of $176 as she believes the recent pullback in the stock price has created an attractive entry point and she "especially" finds the stock compelling when compared to FactSet (FDS).

FY24 consensus $14.11. Raises FY24 revenue growth view to 6%-8% from 5.5%-7.5%, consensus $13.43B.

Sees FY24 revenue $4.023B-$4.083B, consensus $4.02B.