Equifax price target lowered to $286 from $315 at Oppenheimer

Oppenheimer lowered the firm’s price target on Equifax (EFX) to $286 from $315 and keeps an Outperform rating on the shares. After the election results, management commentary in a recent industry conference, and getting more industry data points for October, it appears that more near-term challenges have surfaced, which could impact Equifax near term, the firm says. Oppenheimer believes the hiring challenges the company faced in Q3 could persist in Q4, and Trump’s presidential victory could mean government spending cut and negative impact on its Verifier. Trump’s pro-growth agenda could also mean interest rate staying higher for longer, which may impede loan growth, Oppenheimer adds.