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Benzinga
Benzinga
Business
Akanksha Bakshi

Barclays Cuts Equifax's Price Target By 9%

Equifax Barclays EFX Equifax Inc Morgan Stanley NYSE
  • Equifax Inc's (NYSE:EFX) price target has been lowered to $300 (an upside of 26%) from $330 by Barclays analyst Manav Patnaik.
  • The analyst maintained his Overweight rating on EFX's shares.
  • Patnaik's price target reduction mirrors market de-rating and the recession risk.
  • Meanwhile, the analyst appreciates the diversity of the company's solution sets and tech-powered innovation capabilities.
  • Yesterday, Morgan Stanley lowered its price target on Equifax to $274 (an upside of 16%) from $296 while maintaining the Overweight rating on the shares.
  • Also Read: Equifax, Team Velocity Partner On Marketing Solutions For Auto Dealers
  • Price Action: EFX shares traded higher by 1.80% at $238.03 on the last check Thursday.
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