Oppenheimer raised the firm’s price target on Equifax to $300 from $272 and keeps an Outperform rating on the shares. Equifax’s adjusted EPS beat was driven by higher revenue in Workforce Solutions and lower D&A than expected, and management highlighted that partner integrations, and significant cost savings from cloud migration will benefit revenue and margin, and there could be substantial EPS improvement from Q3 to Q4, the analyst tells investors in a research note.
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Read More on EFX:
- Equifax price target raised to $286 from $255 at BofA
- Equifax Delivers Strong Second Quarter 2024 Revenue Growth of 9% Led by Workforce Solutions Non-Mortgage Verification Services
- Equifax sees Q3 adjusted EPS $1.75-$1.85, consensus $2.01
- Equifax backs FY24 adjusted EPS view $7.20-$7.50, consensus $7.39
- Equifax reports Q2 adjusted EPS $1.82, consensus $1.73