Needham analyst Kyle Peterson raised the firm’s price target on Equifax to $320 from $305 and keeps a Buy rating on the shares. The company’s Q2 results topped expectations on stronger verifications revenue, which highlights Equifax success in adding additional records and gaining additional product usage and penetration within the existing customer base, the analyst tells investors in a research note. Equifax also continues to make progress on its cloud transformation efforts, which should remain a tailwind to margins and cash flow, the firm added.
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