Equifax price target lowered to $220 from $240 at Argus

Argus lowered the firm’s price target on Equifax to $220 from $240 after its Q3 earnings miss but keeps a Buy rating on the shares. The company has outperformed its peer group in terms of revenue growth in a struggling mortgage market, which has been severely impacted by higher interest rates, but the U.S. mortgage market – hurt by rising interest rates – has been challenging, as has negative foreign exchange rates, the analyst tells investors in a research note.