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EFX

Equifax

$96.66

-2.33 (-2.35%)

, TRU

TransUnion

$43.08

-0.59 (-1.35%)

07:30
09/15/17
09/15
07:30
09/15/17
07:30

SunTrust lowers Equifax, TransUnion price targets but advises buying stocks

SunTrust analyst Andrew Jeffrey cut his price target on Equifax (EFX) to $110 from $155 and lowered his price target on TransUnion (TRU) to $48 from $54. As reasons for the reductions, he cited increased competition from free credit monitoring programs and the risk of share loss in the wake of the Equifax data breach. However, he believes that both stocks reflect an "overstated" risk of negative legislative and/or regulatory changes. Jeffrey does not expect governments to create "barriers to complete and comprehensive data access," since, according to the analyst, lenders and many service providers rely on the data generated by the credit bureaus. He recommends buying both stocks.

EFX

Equifax

$96.66

-2.33 (-2.35%)

TRU

TransUnion

$43.08

-0.59 (-1.35%)

  • 27

    Oct

EFX Equifax
$96.66

-2.33 (-2.35%)

09/14/17
MSCO
09/14/17
NO CHANGE
MSCO
Equifax price target lowered to $127, bear case to $50 at Morgan Stanley
Morgan Stanley analyst Toni Kaplan updated his Equifax estimates following the data breach but notes many of risks are difficult to quantify. Kaplan lowered his bear case for Equifax to $50 and cut his price target to $127 from $140, driven by increased expenses from the breach along with an approximate 50% reduction in DTC related revenues. The analyst rates Equifax an Equal Weight.
09/14/17
JPMS
09/14/17
NO CHANGE
Target $135
JPMS
Overweight
Equifax price target lowered to $135 from $167 at JPMorgan
JPMorgan analyst Andrew Steinerman lowered his price target for Equifax shares to $135 from $167 but keeps an Overweight rating on the name after hosting investor meetings with management. It is too early to accurately forecast the security breach's full impact on the company's operations and bottom line, Steinerman tells investors in a research note. He believes attempts to benchmark the event against other large scale breaches are challenging given the unique nature of Equifax's incident. Steinerman, however, says he now feels better about his estimate of a 10% earnings drag in 2018. His conviction in Equifax's long-term outlook "remains strong." The analyst admits, though, that the Congressional hearings bear risk.
09/14/17
SPHN
09/14/17
NO CHANGE
Target $110
SPHN
Equal Weight
Stephens says Equifax not a buy yet, lowers target to $110
Stephens analyst Brett Huff attributes several factors to the additional slide in Equifax shares yesterday, including the fact that 11.5M consumers as of Tuesday have signed up for free monitoring, the implied potential revenue and profit impact from this, and questions about how big lawsuits and other one-time costs could be. Huff, who thinks these one-time costs could be billions of dollars at the high end, would still not be a buyer of the stock despite its about 30% drop since the breach disclosure. He lowered his price target on Equifax shares to $110 from $145 and keeps an Equal Weight rating on the stock. Equifax shares closed yesterday down about 14.5% at $98.99.
09/14/17
LEHM
09/14/17
NO CHANGE
Target $115
LEHM
Overweight
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.
TRU TransUnion
$43.08

-0.59 (-1.35%)

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.
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.
09/05/17
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.

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VALU

Value Line

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Value Line

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ZEAL

Zealand Pharma

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GNMSF

Genmab

$190.75

2.75 (1.46%)

, JNJ

Johnson & Johnson

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HII

Huntington Ingalls

$242.12

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BAESY

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, GD

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SYRS

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AVGO

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TRNC

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AP

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CG

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ANDX

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