Equifax price target lowered to $277 from $281 at Stifel

Stifel analyst Shlomo Rosenbaum lowered the firm’s price target on Equifax (EFX) to $277 from $281 and keeps a Buy rating on the shares following Q1 results that were “stronger than expected” overall. The firm noted that while talent improvement seemed to carry into Q2, mortgage settled back down due to the increase in mortgage rates. The business is more recession resilient than it has been in the past, though a larger counter-cyclical part of the business is mortgage, which typically depends on where 10-year bond yields go, Stifel told investors in a research note. The firm cited modestly lower earnings and narrowing of the valuation gap to Info Services peers for the lower price target