Equifax cut to Hold at Argus amid slowdown in mortgage-related demand

As previously reported, Argus analyst John Eade downgraded Equifax (EFX) to Hold from Buy. The company is struggling to meet its growth targets in a business environment marked by higher interest rates and a slowdown in mortgage-related demand, the analyst tells investors in a research note. Equifax shares are also trading at 31-times the firm’s 2025 EPS estimate, which is near the high end of the historical range of 20- to 33-times, and the stock looks “fairly valued” at current prices, Argus adds.