FICO price target raised to $940 from $875 at Jefferies

Jefferies raised the firm’s price target on FICO (FICO) to $940 from $875 and keeps a Buy rating on the shares. Though the firm has “modestly lowered” its Q2 estimates for Equifax (EFX), TransUnion (TRU) and FICO given that mortgage volumes declined 3% quarter-over-quarter, versus expectations of a seasonal increase, this headwind should be partially offset by other areas of strength as the consumer remains relatively strong. The firm expects all three credit bureau companies to report in line results and reiterate guidance, the analyst tells investors in a preview note for the group.