Benzinga · Jan 4, 2024
Equifax Named Top Pick For 2024 By Needham, Price Target Raised On Expected Mortgage Rate Tailwinds
Needham analyst Kyle Peterson maintains Equifax Inc (NYSE: EFX) with a Buy and raises the price target from $230 to $305. The analyst highlights EFX as his Top Pick 2024 and adds it to the Needham Conviction List, replacing HireRight Holdings Corp (NYSE: HRT). While EFX's fundamentals have faced pressure since mid-FY22 due to a spike in mortgage rates, the analyst expects the recent decline in interest rates to serve as a sizable tailwind heading into 2024. In addition, EFX's non-mortgage businesses have been performing well. They are scaling through new products, pricing increases, and ...Full story available on Benzinga.com

