Deutsche Bank Reiterates Buy On Shares Of Equifax, $82 PT
In a research report issued today, Deutsche Bank analyst Paul Ginocchio reiterated a Buy rating on Equifax (NYSE:EFX) with a price target of $82.00.
Ginocchio noted, “Revs in 3Q missed due to credit inquiries (OCIS, 33% of revs). Customer marketing by key clients (banks) was likely the issue, as the Financial Marketing Services division (7% of revs) also missed. We think it’s just a timing issue. We remain positive on EFX due to our belief in accelerating revenue trends driven by 1) the improving job market and accelerating credit usage, 2) lower rates for longer helping mortgage volumes, and 3) lapping the negative price impact of mortgage mix in credit inquiries. Buy. “
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Paul Ginocchio has a total average return of 5.4% and a 51.3% success rate. Ginocchio has a 1.4% average return when recommending EFX, and is ranked #678 out of 3339 analysts.