FICO price target raised to $2,515 from $2,324 at Oppenheimer

Oppenheimer analyst Owen Lau raised the firm’s price target on FICO (FICO) to $2,515 from $2,324 and keeps an Outperform rating on the shares. The firm believes the election results will yield a net positive outcome for FICO. While interest rate staying higher for longer could prolong mortgage recovery and mortgage inquiries, potentially less regulatory overhang from FHFA on tri-merge to bi-merge and CFPB on price increase limitation will be a major positive for FICO, Oppenheimer says. It will likely reduce downside risk and reinforce the message from the private sector that FICO is entitled to its own pricing practice.