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TransUnion price target lowered to $100 from $110 at Truist » 08:5510/2810/28/20
Truist analyst Andrew…
Truist analyst Andrew Jeffrey lowered the firm's price target on TransUnion (TRU) to $100 from $110 but keeps a Buy rating on the shares after its Q3 earnings beat and in-line Q4 guidance. The company is better positioned for an economic recovery than its peer Equifax (EFX), but its recovery slope is flattening, while its new media vertical and "tough" mortgage compares cloud visibility, the analyst tells investors in a research note.
Equifax's 'relatively high leverage' may prove 'troublesome', says Argus » 07:5710/2610/26/20
Argus analyst Jasper…
Argus analyst Jasper Hellweg keeps his Hold rating on Equifax, noting that while the company's has had more "positive trends" in its business recently, he is concerned with its "relatively high leverage". Hellweg is raising his FY21 EPS view by 35c to $6.70, but adds that the stock has "risen strongly" from a low near $103 in late March and now appears to be facing "significant resistance".
Equifax sees Q4 adjusted EPS $1.40-$1.50, consensus $1.41 » 10:2210/2210/22/20
Sees Q4 revenue…
Sees Q4 revenue $990M-$1.01B, consensus $960.62M. The guidance, which the company reported in earnings call presentation slides, is based on October trends.
Equifax reports Q3 adjusted EPS $1.87, consensus $1.60 » 17:0110/2110/21/20
Reports Q3 revenue…
Reports Q3 revenue $1.068B, consensus $1B. "Equifax delivered its third consecutive quarter of strong, double digit growth and margin expansion while generating over $1 billion of quarterly revenue for the first time. Amidst the challenging economic impacts of the coronavirus pandemic, both our Workforce Solutions income and employment business, enabled by accelerating new product innovation and record growth, and our US Information Services business, performed very well. Our results reflect the strength and resiliency of our broad-based business model, our differentiated assets, and the importance of data and analytics to help our customers make better decisions during these turbulent times," said Mark W. Begor, Equifax Chief Executive Officer. "These strong results follow our momentum over the past 12 months and allow us to continue to invest in our cloud data and technology transformation, along with data and analytics and new products to position Equifax for future growth."
Notable companies reporting after market close » 13:4010/2110/21/20
TSLA, CSX, LRCX, EW, CMG, LVS, KMI, XLNX, ALGN, EFX, DFS, SLM, STL
Notable companies reporting after the market close, with earnings consensus, include Tesla (TSLA), consensus 56c... CSX Corp. (CSX), consensus 92c... Lam Research (LRCX), consensus $5.19... Edwards Lifesciences (EW), consensus 44C... Chipotle Mexican Grill (CMG), consensus $3.40... Las Vegas Sands (LVS), consensus (59c)... Kinder Morgan (KMI), consensus 21c... Xilinx (XLNX), consensus 74c... Align Technology (ALGN), consensus 54c... Equifax (EFX), consensus $1.60... Discover (DFS), consensus $1.53... SLM Corp (SLM), consensus 8c... Sterling Bancorp (STL), consensus 39c.
Equifax upgraded to Outperform from Neutral at Exane BNP Paribas » 13:1710/0710/07/20
Exane BNP Paribas analyst…
Exane BNP Paribas analyst George Gregory upgraded Equifax to Outperform from Neutral with a $190 price target.
Fly Intel: Top five analyst initiations » 09:5210/0610/06/20
EFX, SYK, APTV, VNE, ACI
Catch up on today's…
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Equifax (EFX) initiated with a Buy at Needham. 2. Stryker (SYK) initiated with a Market Perform at Northland. 3. Aptiv (APTV) initiated with a Buy at Berenberg. 4. Veoneer (VNE) initiated with a Hold at Berenberg. 5. Albertsons (ACI) initiated with a Buy at Northcoast. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
Equifax initiated with a Buy at Needham » 07:3410/0610/06/20
EFX, TRU, EXPGY
Needham analyst Kyle…
Needham analyst Kyle Peterson initiated coverage of Equifax (EFX) with a Buy rating and $200 price target. The company is a "leading global provider of financial data", which should allow it to generate steady growth in e-commerce and digital payments while growing the pool of available data. Peterson adds that Equifax shares are trading at a discount to its two closest peers - TransUnion (TRU) and Experian (EXPGY) - and he sees its risk-reward as "favorable".
Equifax initiated with a Buy at Needham » 06:0210/0610/06/20
Needham initiated coverage of Equifax with a Buy rating and $200 price target.
Equifax appoints Andrea Lawson Chief Talent and Diversity Officer » 16:3109/0909/09/20
Equifax has appointed…
Equifax has appointed Andrea Lawson as the company's senior VP and Chief Talent and Diversity Officer. Effective immediately, Lawson is promoted to this expanded role and is "responsible for activating Equifax's talent strategy with a focus on furthering an inclusive and diverse workforce and culture." Lawson previously served as Equifax's SVP, Global Talent Management.