Equifax price target raised to $289 from $208 at Stifel

Stifel raised the firm’s price target on Equifax to $289 from $208 and keeps a Buy rating on the shares. In 2024, mortgage headwinds will be nearing an end after the significant headwinds experienced over the past couple years and the duplicative systems costs are seen “rolling off at some point” in the year, the analyst tells investors. The firm, which says that if current mortgage rates persist, 2024 mortgage volumes could be better than the 15% decline Equifax was projecting, is updating estimates for Q4, 2024 and 2025 and assuming a normalized environment going into 2025.