Equifax upgraded to Overweight from Equal Weight at Morgan Stanley

Morgan Stanley analyst Toni Kaplan upgraded Equifax (EFX) to Overweight from Equal Weight with a price target of $320, up from $275. The firm prefers “stocks with accelerating growth at reasonable prices” and upgrades Equifax on an improving consumer credit and regulatory environment. It sees current share levels as an attractive entry point with improving conditions and “significant upside potential.” Morgan Stanley expects the credit bureaus to enter a multi-year upcycle that will double earnings over the next few years.