Equifax price target raised to $300 from $273 at JPMorgan

JPMorgan raised the firm’s price target on Equifax to $300 from $273 and keeps an Overweight rating on the shares following the Q2 beat. While the softer Q3 guide implies a bigger ramp in Q4 earnings, management presented a credible case for the sequential Q4 acceleration, the analyst tells investors in a research note. The firm is encouraged that Equifax “is finally approaching a multi-year milestone around the cloud transformation” and says the company’s financial story “should become cleaner going forward.”