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Fly News Breaks for January 18, 2017
TRU
Jan 18, 2017 | 07:56 EDT
As previously reported, Morgan Stanley upgraded TransUnion to Overweight from Equal Weight, named it a new top pick, and increased its price target $38 from $37. Analyst Toni Kaplan views TransUnion's valuation as attractive and believes organic growth estimates are achievable. Kaplan sees upside from new product innovation in rental screening and healthcare which often require credit products to be purchased for regulatory reasons. Addiitonally, the analyst expects TransUnion to benefit from secular growth of consumer credit in emerging markets and from rising fraud which will increase demand for consumer monitoring products.