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TRU

TransUnion

$49.59

-0.11 (-0.22%)

, EFX

Equifax

$108.81

-1.69 (-1.53%)

07:30
10/13/17
10/13
07:30
10/13/17
07:30

TransUnion price target raised to $56 from $48 at SunTrust

SunTrust analyst Andrew W. Jeffrey raised his price target on TransUnion (TRU), saying that he is "increasingly convinced" that the government will not implement legislation or regulations that will change the ratings agencies' businesses. The agencies' "central roles in the consumer credit ecosystem" make such a development unlikely, according to the analyst. Jeffrey views TransUnion as the best positioned name in the space, due to what he sees as its "next-gen software, differentiated solutions, proprietary data, strong management and first mover advantage in Consumer Indirect." The analyst believes that the latter business will be boosted by the Equifax (EFX) breach. He keeps a Buy rating on TransUnion.

TRU

TransUnion

$49.59

-0.11 (-0.22%)

EFX

Equifax

$108.81

-1.69 (-1.53%)

  • 22

    Oct

  • 27

    Oct

  • 14

    Dec

TRU TransUnion
$49.59

-0.11 (-0.22%)

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.
09/08/17
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.
09/14/17
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.
09/15/17
09/15/17
NO CHANGE

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
$108.81

-1.69 (-1.53%)

10/03/17
JPMS
10/03/17
NO CHANGE
JPMS
Overweight
Political theatrics aside, JPMorgan expects reasonable credit bureau reform
Former Equifax CEO Rick Smith's testimony in front of Congress today will bring a fair amount of political theatrics, but ultimately, any regulatory changes for the credit bureau industry is likely to be "reasonable and manageable," JPMorgan analyst Andrew Steinerman tells investors in a research note. The analyst keeps an Overweight rating on shares of Equifax.
10/06/17
WELS
10/06/17
NO CHANGE
Target $127
WELS
Outperform
Wells Fargo reiterates Outperform on Equifax after Congressional testimony
Wells Fargo analyst William Warmington reiterates an Outperform rating on Equifax with a $127 price target following three days of Congressional testimony by former CEO Rick Smith. The legislative proposals discussed were either high-probability/low-impact, like requiring companies meet minimum cybersecurity standards and have a reaction plan in event of a breach,or low-probability/high-impact, like allowing consumers to opt out of having Equifax track their data and mandatory per-account fines for data breaches, Warmington tells investors in a research note. The analyst expects investor focus to shift to Equifax's preliminary 2018 guidance on its upcoming Q3 earnings call. He thinks the company's long-term growth model remains intact and introduced above-consensus 2019 revenue and earnings per shares estimates of $3.77B and $6.80. Many investors expect 2018 to be a "transition year" with revenue and costs impacted by the breach, Warmington writes.
10/09/17
COWN
10/09/17
DOWNGRADE
Target $31
COWN
Underperform
Symantec downgraded to Underperform at Cowen
As reported previously, Cowen analyst Gregg Moskowitz downgraded Symantec (SYMC) to Underperform from Market Perform as he believes the recent spike in its price following the disclosure of the Equifax (EFX) breach is overdone. He also said its organic growth has been sluggish, its valuation is no longer cheap, and next-gen vendors are gaining traction. Moskowitz maintained his $31 price target on Symantec shares.
10/13/17
RHCO
10/13/17
NO CHANGE
RHCO
Equifax price target raised to $125 from $110 at SunTrust
SunTrust analyst Andrew W. Jeffrey raised his price target on Equifax as he believes that investors will begin to focus on what he sees as the company's "sustainable earnings power" and the likely acceleration of its growth in 2019. The analyst recommends buying the stock on any further weakness and keeps a Buy rating on the shares.

TODAY'S FREE FLY STORIES

MERC

Mercer

$13.50

-0.05 (-0.37%)

20:51
10/18/17
10/18
20:51
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20:51
Upgrade
Mercer rating change at RBC Capital »

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  • 27

    Oct

ADBE

Adobe

$153.00

2.62 (1.74%)

20:50
10/18/17
10/18
20:50
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20:50
Upgrade
Adobe rating change at Pivotal Research »

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MDB

MongoDB

20:46
10/18/17
10/18
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20:46
Syndicate
MongoDB 8M share IPO priced at $24.00 »

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  • 19

    Oct

VZ

Verizon

$48.65

0.25 (0.52%)

, PM

Philip Morris

$112.51

-0.14 (-0.12%)

20:25
10/18/17
10/18
20:25
10/18/17
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

VZ

Verizon

$48.65

0.25 (0.52%)

PM

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$112.51

-0.14 (-0.12%)

DHR

Danaher

$86.05

0.79 (0.93%)

BK

BNY Mellon

$54.46

0.5 (0.93%)

BX

Blackstone

$33.49

0.27 (0.81%)

BBT

BB&T

$46.54

0.02 (0.04%)

TRV

Travelers

$130.02

1.37 (1.06%)

PPG

PPG

$112.88

-0.08 (-0.07%)

RCI

Rogers Communications

$53.75

-0.23 (-0.43%)

NUE

Nucor

$57.28

0.17 (0.30%)

DOV

Dover

$93.57

-0.48 (-0.51%)

GPC

Genuine Parts

$98.04

1.18 (1.22%)

TXT

Textron

$53.57

0.5 (0.94%)

DGX

Quest Diagnostics

$92.05

-0.13 (-0.14%)

ADS

Alliance Data

$228.38

1.44 (0.63%)

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    Dec

HPE

HP Enterprise

$14.70

0.09 (0.62%)

19:12
10/18/17
10/18
19:12
10/18/17
19:12
Hot Stocks
HP Enterprise raises share buyback by $5B, raises regular dividend 15% »

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  • 18

    Oct

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    Dec

HPE

HP Enterprise

$14.70

0.09 (0.62%)

19:11
10/18/17
10/18
19:11
10/18/17
19:11
Hot Stocks
HPE to simplify organizational structure, to drive cost savings of $1.5B »

HPE President Antonio…

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  • 18

    Oct

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    Dec

HPE

HP Enterprise

$14.70

0.09 (0.62%)

19:10
10/18/17
10/18
19:10
10/18/17
19:10
Earnings
HP Enterprise sees FY17 adjusted EPS view roughly $1.00, consensus $1.40 »

Sees FY17 revenue growth…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 18

    Oct

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    Dec

HPE

HP Enterprise

$14.70

0.09 (0.62%)

19:08
10/18/17
10/18
19:08
10/18/17
19:08
Earnings
HP Enterprise sees FY18 adjusted EPS $1.15-$1.25, consensus $1.20 »

HPE expects its non-GAAP…

03/08/13
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03/06/13
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  • 18

    Oct

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    Dec

CME

CME Group

$136.37

0.18 (0.13%)

19:01
10/18/17
10/18
19:01
10/18/17
19:01
Hot Stocks
CME Group, JPX enter agremenet to launch TOPIX futures contract on CME »

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  • 18

    Oct

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  • 07

    Nov

UAL

United Continental

$67.99

0.48 (0.71%)

18:50
10/18/17
10/18
18:50
10/18/17
18:50
Hot Stocks
Breaking Hot Stocks news story on United Continental »

United Continental sees…

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  • 19

    Oct

CSX

CSX

$53.68

-0.55 (-1.01%)

18:49
10/18/17
10/18
18:49
10/18/17
18:49
Hot Stocks
CSX discloses reduction of locomotives in maintenance program »

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  • 29

    Oct

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    Oct

VZ

Verizon

$48.65

0.25 (0.52%)

18:41
10/18/17
10/18
18:41
10/18/17
18:41
Periodicals
Verizon targets spring 2018 start of delayed online TV service, Bloomberg says »

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  • 19

    Oct

  • 01

    Nov

IBM

IBM

$159.53

12.99 (8.86%)

18:37
10/18/17
10/18
18:37
10/18/17
18:37
Hot Stocks
IBM CFO: Great start to 2H17 »

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  • 22

    Oct

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    Nov

SEAS

SeaWorld

$12.31

-0.17 (-1.36%)

18:26
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Hot Stocks
SeaWorld to eliminate approximately 350 positions in restructuring program »

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  • 07

    Nov

JPM

JPMorgan

$97.99

0.37 (0.38%)

18:12
10/18/17
10/18
18:12
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18:12
Hot Stocks
SEC names JPMorgan exec Redfearn Director of Division of Trading and Markets »

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  • 18

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  • 02

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    Feb

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    Apr

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    Jul

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    Oct

VZ

Verizon

$48.65

0.25 (0.52%)

18:10
10/18/17
10/18
18:10
10/18/17
18:10
Periodicals
Verizon targets spring start of delayed online TV service, Bloomberg says »

Verizon web TV…

03/08/13
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  • 19

    Oct

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    Nov

STLD

Steel Dynamics

$36.44

0.27 (0.75%)

18:04
10/18/17
10/18
18:04
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18:04
Hot Stocks
Steel Dynamics CEO optimistic conditions in place to benefit FY18 consumption »

CEO Mark Millet said:…

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  • 19

    Oct

CE

Celanese

$104.03

-0.24 (-0.23%)

18:03
10/18/17
10/18
18:03
10/18/17
18:03
Earnings
Celanese increases price for acetyls and engineered materials products »

Celanese will increase…

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STLD

Steel Dynamics

$36.44

0.27 (0.75%)

18:01
10/18/17
10/18
18:01
10/18/17
18:01
Earnings
Steel Dynamics reports Q3 ex-items EPS 66c, consensus 66c »

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03/08/13
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  • 19

    Oct

OPTT

Ocean Power

$2.00

0.56 (38.89%)

17:59
10/18/17
10/18
17:59
10/18/17
17:59
Syndicate
Ocean Power files to sell common stock in 'best efforts' offering »

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03/08/13
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  • 20

    Oct

TOSBF

Toshiba, also use TOSYY

$3.02

-0.03 (-0.98%)

, TOSYY

Toshiba, also use TOSBF

$18.20

-0.11 (-0.60%)

17:58
10/18/17
10/18
17:58
10/18/17
17:58
Periodicals
Japan regulators probing Toshiba reporting practices for FY16/17, Nikkei says »

Japan's Securities…

TOSBF

Toshiba, also use TOSYY

$3.02

-0.03 (-0.98%)

TOSYY

Toshiba, also use TOSBF

$18.20

-0.11 (-0.60%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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PNW

Pinnacle West

$87.34

-0.42 (-0.48%)

17:53
10/18/17
10/18
17:53
10/18/17
17:53
Hot Stocks
Pinnacle West raises quarterly divided 6.1% to 69.5c per share »

Pinnacle West…

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  • 03

    Nov

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    Nov

  • 05

    Nov

  • 05

    Nov

GILD

Gilead

$80.01

-0.23 (-0.29%)

17:46
10/18/17
10/18
17:46
10/18/17
17:46
Hot Stocks
FDA grants regulatory approval to Kite's Yescarta »

Kite, a Gilead company,…

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03/06/13
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  • 20

    Oct

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    Nov

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    Feb

POT

Potash

$19.24

0.08 (0.42%)

, AGU

Agrium

$107.73

0.55 (0.51%)

17:37
10/18/17
10/18
17:37
10/18/17
17:37
Hot Stocks
Potash, Agrium: India approves proposed merger of equals transaction »

Potash Corporation of…

POT

Potash

$19.24

0.08 (0.42%)

AGU

Agrium

$107.73

0.55 (0.51%)

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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VMI

Valmont

$160.85

1.9 (1.20%)

17:36
10/18/17
10/18
17:36
10/18/17
17:36
Earnings
Valmont lowers FY17 adjusted EPS view to $6.90-$7.04 from $7.06, consensus $7.09 »

Annual guidance was…

03/08/13
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  • 19

    Oct

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